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1.

Error not shown by Trial Balance are:A. Errors of Principle.B. Compensating Errors.C. Errors of Complete Omission.D. All of the above.

Answer» Correct Answer - D
Discussion
2.

Purchase of office furniture for Rs. 1,200 was debited to the General Expenses Account. It isA. a clerical error.B. an error of principle.C. an error of omission.D. None of these.

Answer» Correct Answer - B
Discussion
3.

Rs. 2,000 paid as wages for installing a machine should be debited toA. Wages Account.B. Machinery Account.C. Capital Account.D. None of these.

Answer» Correct Answer - B
Discussion
4.

An amount of Rs 5,000 received from Ram is credited to Shyam. It is an error ofA. Omission.B. Commission.C. Compensation.D. Principle.

Answer» Correct Answer - B
Discussion