Page 123 - DCOM101_FINANCIAL_ACCOUNTING_I

Unit 10: Trial Balance

8. The balances of all the assets accounts and drawing accounts are recorded in the Notes
………………. of the Trial Balance.
9. The balances of all incomes and gains are disclosed in the ……………. of the Trial
Balance.

Choose the appropriate answers:
10. Purchases Day Book under cast by ` 200.
(a) Error of Principle
(b) Compensating Error

(c) Error of Omission
(d) Error of Commission.
11. Amount spent on the repair of a plant is wrongly debited to repairs a/c:
(a) Error of Omission
(b) Error of Commission
(c) Error of Principle

(d) Compensating Error.
12. Mr. Ram’s account is debited in place of Shyam’s a/c for ` 500.
(a) Error of Omission
(b) Error of Principle

(c) Error of Commission
(d) Compensating Error.
13. Sales day book overcast by ` 150.
(a) Error of Omission
(b) Error of Commission

(c) Compensation Error
(d) Error of principle.
14. Purchase of Furniture is debited to Purchases a/c.
(a) Error of Omission

(b) Error of Principle
(c) Error of Commission
(d) None of the above.
15. Bad debts recovered from a debtor is credited to his account.
(a) Error of Omission
(b) Error of Commission

(c) Error of Principle
(d) Compensating Error.

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