Question

5. If the trial balance shows a short credit the suspense account will have a
a) debit
b) zero
c) credit
balance.
d) nil
6. For which type of error, journal entry is required for rectification .............
a) one sided error b) two sided error c) overcasting
d) undercasting
7. Payment for purchase of stationery should be recorded through the
a) Cash Book
b) Purchase book c) Journal Proper
d) Sales book
LE
8. In an error of principle, the debit and the credit are
a) equal
b) unequal
c) uncommon
d) different
9. If sales book is undercast, sales account should be
a) debited
b) credited
to rectify the error.
c) cancelled
d) updated
10. When one error removes the effect of another error, it is called
a) One sider error
b) Compensating error
c) Error of principle
d) Error of omission​

Answer 1

Answer:

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