i. Rectification entries are passed in _______  (a) Journal Proper  (b) Ledger  (c) Balance Sheet  (d) Cash Book

Monjur Alahi

Select the most appropriate alternative from those given below and rewrite the sentence:

i. Rectification entries are passed in _______ 

(a) Journal Proper 

(b) Ledger 

(c) Balance Sheet 

(d) Cash Book

ii. The type of error for which journal entry is always required for rectification _______ 

(a) over casting 

(b) one sided error 

(c) under casting 

(d) two sided error

iii. Error occurred due to wrong posting are called error of _________ 

(a) principal 

(b) commission 

(c) compensating 

(d) omission

iv. If transaction is totally omitted from the books, it is called ________ 

(a) Error of recording 

(b) Error of omission 

(c) Error of principle 

(d) Error of commission

v. Suspense Account is opened when ___________ does not tally. 

(a) Balance sheet 

(b) Trading Account 

(c) Profit and loss 

(d) Trial Balance


0 like 0 dislike
1 views
Share with your friends

1 Answers

Salim Ahmed Kawsar

Call

i. (a) Journal Proper

ii. (d) two-sided error

iii. (b) commission

iv. (b) Error of omission

v. (d) Trial Balance

0 like 0 dislike
1 views
Talk Doctor Online in Bissoy App
i. Principal Book of accounts. ii. Transferring a journal entry to the appropriate accounts in the Ledger.

i. Ledger ii. Posting iii. Ledger folio iv. Balancing v. Debtor vi. Bank overdraft vii. Loss by fire viii. Net Trial Balance

2 Answers 1 views
i. _______ Balance on Nominal Account shows expenses or loss. ii. Cash account always shows _______ balance.

i. debit ii. debit iii. credit iv. credit v. Nominal vi. brought down vii. Drawings viii. ₹ 20,000

2 Answers 1 views
i. Additional cash introduced in business is recorded in _______  (a) Purchase Book  (b) Cash Book  (c) Journal Proper  (d) Returns Inwards Book

i. (b) Cash Book ii. (d) Journal Proper iii. (c) receipts iv. (a) drawer v. (c) Fixed

2 Answers 1 views
i. Trade discount is recorded in Cash Book. ii. Petty Cash Book is a book with having a record of big payments.

i. Disagree ii. Disagree iii. Agree iv. Agree v. Disagree

2 Answers 1 views
i. Cash Book is a _______ Journal. ii. In Journal Proper, only ________ discount is recorded.

i. Subsidiary ii. Cash iii. Purchase return iv. Journal proper v. Bank

2 Answers 1 views
i. Bank balance as per Pass Book means ________ balance of Pass Book.  (a) credit  (b) opening  (c) debit 

i. (a) credit ii. (c) current iii. (a) favourable iv. (d) common v. (a) uncommon

2 Answers 1 views
Trial Balance is prepared from the balance of ledger accounts.

This statement is True. A Trial balance is a statement of debit and credit balances extracted from the various accounts in the ledger. All business transactions are recorded first in Journal...

2 Answers 1 views
Rectification entries are passed in Cash Book.

This statement is False. Rectification entries are passed in the Journal Proper book. Cashbook is mainly used for cash transactions and not for rectification of errors.

2 Answers 1 views
Create ledger accounts using the accounting Package. Create ledger accounts for the following and allocate proper groups.

Step 1: You Can select an already created company using the ‘Select Existing Company ’ Option on Opening Screen. Step 2: Log in with User Name and Password Step 3: To create an...

2 Answers 1 views
An infinite sheet in xy plane has a uniform surface charge density `sigma`. The thickness of the sheet is infinitesimally small. The sheet begins to m

Correct Answer - (1) `E=sigma/(2in_(0))` perpendiculary away from the sheet `B=(mu_(0)sigmav)/2` parallel to the sheet in `-ve` and `+ve` y direction (2) E= same as in (1);`B=0`

2 Answers 2 views
X