CA Foundation  >  Accountancy Class 11  >  Test: Rectification Of Errors - 2 Download as PDF

Test: Rectification Of Errors - 2


Test Description

25 Questions MCQ Test Accountancy Class 11 | Test: Rectification Of Errors - 2

Test: Rectification Of Errors - 2 for CA Foundation 2022 is part of Accountancy Class 11 preparation. The Test: Rectification Of Errors - 2 questions and answers have been prepared according to the CA Foundation exam syllabus.The Test: Rectification Of Errors - 2 MCQs are made for CA Foundation 2022 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Rectification Of Errors - 2 below.
Solutions of Test: Rectification Of Errors - 2 questions in English are available as part of our Accountancy Class 11 for CA Foundation & Test: Rectification Of Errors - 2 solutions in Hindi for Accountancy Class 11 course. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free. Attempt Test: Rectification Of Errors - 2 | 25 questions in 25 minutes | Mock test for CA Foundation preparation | Free important questions MCQ to study Accountancy Class 11 for CA Foundation Exam | Download free PDF with solutions
1 Crore+ students have signed up on EduRev. Have you?
Test: Rectification Of Errors - 2 - Question 1

Error of commission do not allow: 

Test: Rectification Of Errors - 2 - Question 2

Rs. 25,000 received form Aditi, is credited in the account of Prerna. It is an error of : 

Test: Rectification Of Errors - 2 - Question 3

 Sales for Rs. 5,000 was entered as purchase. The effect of this error will be: 

Test: Rectification Of Errors - 2 - Question 4

What will be the effect when return inward is wrongly entered as return outward?

Test: Rectification Of Errors - 2 - Question 5

 Sales of Rs. 1,540 to Mr. X was posted to his account as Rs. 1450. To rectify the error, Rs. 90 will be _________to X ‘s Account :

Test: Rectification Of Errors - 2 - Question 6

On scrutiny, an accountant found that 
1. Bad debts recovery of Rs. 500 was credited to debtors A/c wrongly 
2. Bank charges of Rs. 50 was wrongly entered twice in Bank Book 
3. Purchase return of Rs. 100 was omitted to be entered in the books of A/c. 
What will be the net effect in profit after above rectification? 

Test: Rectification Of Errors - 2 - Question 7

 A cheque for Rs. 500 received from Yuvraj & Co. was dishonoured and debited to discount Account. Due to rectification of this error, net profit will :

Test: Rectification Of Errors - 2 - Question 8

 Rectification in next financial year is done through : 

Test: Rectification Of Errors - 2 - Question 9

A cheque of Rs. 1,000 received from Ramesh was dishonored and had been posted to the debit of sales return account. Rectifying journal entry will be:

Test: Rectification Of Errors - 2 - Question 10

Which type of error can occur while posting the journal entries in the ledger: 
(a) Error of Principle 
(b) Error of Commission 
(c) Error of Partial Omission 
(d) Error of Complete Omission  

Test: Rectification Of Errors - 2 - Question 11

Which type of error occurs when credit sales is wrongly posted to Purchase Day Book:

Test: Rectification Of Errors - 2 - Question 12

Sale of old furniture is erraneously entered in sales book. Rectification entry will be:

Test: Rectification Of Errors - 2 - Question 13

Wages Rs. 500 paid for installation of a new machine was wrongly machinery account. It is an error 

Test: Rectification Of Errors - 2 - Question 14

 Which of the following mentioned error will not affect the Trial Balance?

Test: Rectification Of Errors - 2 - Question 15

 A second hand machinery is purchased for Rs. 10,000 the amount of Rs. 1,500 is spent on transportation and Rs. 1,200 is paid for installation. The amount debited to machinery account will be : 

Test: Rectification Of Errors - 2 - Question 16

Bill accepted by Govinda was discounted with the bank for Rs. 2000. On the due date the bill was dishonoured. However, there is error of Omission towards Bills dishonoured. Journal Entry for rectification will be:-

Test: Rectification Of Errors - 2 - Question 17

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

Test: Rectification Of Errors - 2 - Question 18

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

Test: Rectification Of Errors - 2 - Question 19

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

Test: Rectification Of Errors - 2 - Question 20

Which type of error occurs when credit sales is wrongly posted to Purchase Day Book:

Test: Rectification Of Errors - 2 - Question 21

 Ram earned a profit of Rs. 1,40,000 for the year 2008-09. But at the time of audit, the auditor found that Ram purchased a scooter on 1.4.08 for Rs. 20,000 and charged it as revenue expenses. The auditor advised him to rectify the error now and to charge depreciation @ 15% on scooter. The correct profit after rectification will be: 

Test: Rectification Of Errors - 2 - Question 22

Goods worth Rs. 50 given as charity should be credited to 

Test: Rectification Of Errors - 2 - Question 23

 Errors of commission do not permit;

Test: Rectification Of Errors - 2 - Question 24

A new machine was purchased for Rs. 1,00,000 but the amount was wrongly posted to Furniture account as Rs. 10,000 and cash received from debtors Rs. 11,200 was omitted to be posted to ledger. The difference in Trial balance due to such error will be: 

Test: Rectification Of Errors - 2 - Question 25

Rs. 200 received from Smith shoes account, was written off as a bad debt should be credited to : 

146 videos|102 docs|63 tests
Use Code STAYHOME200 and get INR 200 additional OFF
Use Coupon Code
Information about Test: Rectification Of Errors - 2 Page
In this test you can find the Exam questions for Test: Rectification Of Errors - 2 solved & explained in the simplest way possible. Besides giving Questions and answers for Test: Rectification Of Errors - 2, EduRev gives you an ample number of Online tests for practice