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By Accounting Mcqs No Comments

A few errors committed in Ahhiwalia’s books of account are given below. State which errors would affect the Trial Balance.

(a). Sales of `950 to Ram completely omitted from books of account
(b). Purchases of `720 from Shyam entered in the purchases journal as `700
(c). Purchases Journal is overcast by `1,000
(d). Sales returns journal is undercast by `200
(e) Amount paid to Agarwal wrongly posted to the debit to Mittal’s account
(f) Bank overdraft shown under debit column in the Trial Balance
(g) Sales of `500 to Sadiq entered in sales journal as sales to Mushtaq
(h) Wages paid for installation of machinery debited to wages account

A. a, c and g
B. c, d and f
C. c, d, e and h
D. c, d, f and h

Related Mcqs:

  1. If a transaction is completely omitted from the books of accounts, will it affect the agreement of a trial balance?

    A. Yes
    B. No
    C. Transactions can’t be omitted
    D. none of these

  2. Which of the following account with normal balance is shown at the debit side of a trial balance?

    A. Rent income account
    B. Creditors account
    C. Unearned income account
    D. Cash account

  3. Which of the following account with normal balance is shown at the credit side of a trial balance?

    A. Cash account
    B. Bank account
    C. Equipment account
    D. Accrued expenses account

  4. Debit balance = Credit balance in a trial balance indicates that:

    A. No error in recording transactions
    B. No error in posting entries to ledger accounts
    C. Account balances are correct
    D. Mathematically Capital+Liabilities=Assets

  5. If debit balances = credit balances, trial balance only shows or check the ____________ and it does not indicate that no errors were made during recording and posting.

    A. Arithmetic accuracy
    B. Errors of commission
    C. Omissions of economic events
    D. Understatements of balances

  6. Which of the following errors affects the agreement of a Trial Balance?

    A. Mistake in balancing an account
    B. Omitting to record a transaction entirely in the subsidiary books
    C. Recording of a wrong entry in the subsidiary books
    D. Posting an entry on the correct side but in the wrong account

  7. Which of these errors affect only one account?

    A. Errors of casting
    B. Errors of carry forward
    C. Errors of posting
    D. All the three

  8. Which of the following will affect the agreement of a trial balance?

    A. Complete omission of a transaction
    B. Partial omission of a transaction
    C. Error of principle
    D. Compensating errors

  9. Depreciation Account appearing in the Trial Balance is shown in:

    A. Profit and Loss A/c
    B. Trading A/c
    C. Deducted from the concerned assets A/c
    D. Shown on the liability side

  10. If debit balance is greater than creadit balance then the account blance will be__________?

    A. Credit balance
    B. Debit and credit balance
    C. Cash balance
    D. Debit balance

The correct answer to the question: "A few errors committed in Ahhiwalia’s books of account are given below. State which errors would affect the Trial Balance." is "c, d and f".

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