Rectification of Errors
Commerce ⇒ Accountancy
Rectification of Errors starts at 11 and continues till grade 12.
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See sample questions for grade 12
A payment of ₹2,000 to a creditor was wrongly debited to the Purchases Account. What is the rectification entry?
A purchase of goods worth ₹5,000 was recorded in the sales book. What type of error is this?
A sum of ₹1,000 received from Mohan was credited to Sohan's account. What is the rectification entry?
A sum of ₹1,200 paid for repairs was debited to the Machinery Account. What is the rectification entry?
A payment of ₹2,000 to a creditor was wrongly debited to the Purchases Account. What is the rectification entry?
A purchase of goods worth ₹5,000 was recorded in the sales book. What type of error is this?
A sum of ₹1,000 received from Mohan was credited to Sohan's account. What is the rectification entry?
A sum of ₹1,200 paid for repairs was debited to the Machinery Account. What is the rectification entry?
Which of the following errors will affect the trial balance? (1) Posting only one aspect of a transaction (2) Error of principle (3) Compensating error (4) Complete omission of a transaction
Which of the following errors will NOT affect the trial balance? (1) Error of Omission (2) Error of Commission (3) Error of Principle (4) Compensating Error
Which of the following errors will NOT be disclosed by the trial balance? (1) Error of complete omission (2) Posting to the wrong side (3) Error of principle (4) Compensating error
Which of the following is an error of commission? (1) Posting to the wrong account (2) Omitting a transaction (3) Treating capital expenditure as revenue expenditure (4) Compensating error
Fill in the blank: Errors which affect only one account are called ________ errors.
Fill in the blank: Errors which do not affect the trial balance are called ________ errors.
Fill in the blank: If a transaction is completely omitted from the books, it is called an error of ________.
Fill in the blank: If an error is detected after the preparation of the trial balance, it is rectified through the ________ account.
True or False: Compensating errors always affect the trial balance.
True or False: Errors affecting the trial balance are called one-sided errors.
True or False: Errors of commission can be detected by the trial balance.
True or False: Errors of principle affect the agreement of the trial balance.
