Login
Get Advice on Live Video Call
Earn $ Cash $ with
consultations on Bissoy App

(i) An error that affects debit as well as credit side, it is called as _______ errors.

Monjur Alahi

Complete the following sentences :

(i) An error that affects debit as well as credit side, it is called as _______ errors.

(ii) Question 17. Wages paid for installation of machinery debited to Wages Account is an error of ________

(iii) Errors which cancel out the effect of one another is called _________ errors.

(iv) One sided errors are disclosed by _______

(v) In an error of omission, the debit and credit are ___________


0 like 0 dislike
1 views
Share with your friends

1 Answers

Salim Ahmed Kawsar

Call

(i) Two-Sided

(ii) Principle

(iii) Compensating

(iv) Trial Balance

(v) Equal

0 like 0 dislike
1 views
The longest side of a triangle is three times the shortest side and the third side is 2 cm shorter than the longest side if the perimeter of the trian

Correct Answer - 9 cm Let the length of the shotest side of the triangle be x cm . Then length of the longest side = 3 x cm Length of...

2 Answers 1 views
The Government is considering a pioneer proposal to launch a single debit-cum- credit card to increase the ease and usage for the consumers. The card

Following are the points of importance of understanding Business Environment discussed: 1. “Improve existing card facility--------“- It helps the firm in identifying threat and early warning signal." 2. “Exploit opportunity...

2 Answers 1 views
Are the following entered on the credit side or the debit side in BOP account ? Give reason Exports (ii) Lending to the rest of the world

(i) Exports will be at credit side since it leads to an inflow of foreign exchange. (ii) Lending is at debit side since it leads to outflow of foreign exchange.

2 Answers 1 views
General Reserve Account always shows -  (A) Debit balance  (B) Credit balance  (C) Debit & credit balance  (D) None of these

Correct option is: (A) Debit balance

2 Answers 1 views
Excess of credit side over the debit side in Revaluation Account is-  (A) Profit  (B) Loss  (C) Receipt  (D) Expense

Correct option is: (A) Profit

2 Answers 1 views
Excess of credit over to debit in Profit & Loss Account indicates _______

Correct option is (a) Net Profit

2 Answers 2 views
Excess of debit total of an account over it’s credit total indicates _____________ balance. 

Correct option is (c) Debit

2 Answers 1 views
(i) Excess of a total of debit side over a total of credit side of Cash Book, Bank column.

(i) Bank Balance as per Cash Book (ii) Overdraft (iii) Pass Book (iv) Pass Book (v) Overdraft

2 Answers 1 views
Errors which compensate the effect of each other are called _________ errors. 

Correct option is (a) compensating

2 Answers 1 views
State whether the following accounts will show debit or credit balance : `{:("(i) Purchases Accounts","(ii) Cash"),("(iii)Capital","(iv) Salary"),("(v

Correct Answer - Debit balances : - (i), (ii), (iv), (vi), (vii), (viii).

2 Answers 1 views

Log in to ask questions, provide answers, or leave comments.


Login

Install the Bissoy app to consult with a doctor.


Download