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Rectification Of Errors (MCQs)
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Avg score: 21% • Most missed: “Compensating errors are of a ___________ nature.”
Rectification Of Errors (MCQs)
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16 Questions

1. Rs. 2000 received from Smith whose account was previously written off as bad debt should be credited to -
2. Rs. 2,000 paid as wages for erecting a machine should be debited to -
3. A Suspense Account will give the
4. Errors of complete omission permit
5. A Trial Balance is prepared to
6. Goods lost by fire should be credited to:
7. Compensating errors are of a ___________ nature.
8. Errors of complete omission permit
9. Purchase of office furniture worth Rs. 5,000 has been debited to General expenses account. Identify the error.
10. Compensating errors are of a ___________ nature.
11. Under casting of Sales book is corrected by______Sales Account
12. Under casting of Sales book is corrected by______Sales Account
13. Rectification entries are passed in -
14. On purchase of old furniture, the amount of Rs. 1,000 spent on its repairs should be debited to -
15. Rectification entries are passed in -
16. Which of the following is true about compensating error -

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