Question Text
Question 3 :
P's trial balance contains the following information:<br/>Bad debts Rs.3,000<br/>Provision for bad debts Rs.3,500<br/>It is desired to make a provision of Rs. 4,000 at the end of the year. the amount to be debited to profit and loss a/c is_________.<br/>
Question 4 :
If a company suffers heavy losses and its assets are not enough to pay off its liabilities, the balance can be recovered from the private assets of its members.
Question 5 :
Accounting errors may be in the form of and due to________________.
Question 6 :
Company purchased furniture worth Rs 1 lakh but it was wrongly recorded remedy to this problem will affect__________.
Question 7 :
The factor which distinguishes an error from fraud and other irregularity is _________.
Question 9 :
An entry for the goods sold to Madhav for Rs$1,020$ was posted to his accountants as Rs$1,200$. If rectification is done before preparation of trial balance then which of the following is correct?
Question 11 :
Errors in __________ account does not affect profit and loss account.
Question 12 :
Which of the following errors will not affect the trial balance ?
Question 15 :
Which of the following error can be disclosed by trial balance?
Question 17 :
Which of the following errors will not cause the trial balance to be out of order?
Question 18 :
A sales of Rs 2,000 wrongly entered in the purchase book leads to a correction in which of the following?
Question 19 :
Which of the following is not true of a trial balance?
