Rectification of Errors Quiz 4 – Punjab Meritorious School Preparation Portal

Welcome to your 6th Sep Rectification of Errors Quiz 4 CBT TEST

Fill the Details mentioned below and Attempt the Test.

Name

Email

School Name with City

Phone Number

On purchase of old furniture, the amount of ₹ 1,000 spent on its repair should be debited to

Repair account.

Furniture account

Cash account.

₹ 200 paid as wages for erecting a machine should be debited to

Repair account.

Machine account.

Capital account.

Goods purchased from A for ₹ 10,000 passed through the sales book. The error will result in

Increase in gross profit.

Decrease in gross profit

No effect on gross profit.

If the amount is posted in the wrong account or it is written on the wrong side of the account, it is called

Error of omission.

Error of commission

Error of principle.

If a purchase return of ₹ 1,000 has been wrongly posted to the debit of the sales returns account, but has been correctly entered in the suppliers' account, the total of the

Trial balance would show the debit side to be ₹ 1,000 more than the credit.

Trial balance would show the credit side to be ₹ 1,000 more than the debit.

The debit side of the trial balance will be ₹ 2,000 more than the credit side.

Please fill in the comment box below.

Time is Up!

Time's up