Which error does not affect the trial balance
A) Errors of omission
B) Errors of amount in original book
C) Compensating error
D) Error of principle
Correct Answer:
Verified
Q5: In cashbooks "C" means
A)Cash
B)Column
C)Credit
D)Contra
Q6: Three column cashbook contains
A)Cash ,credit ,bank
B)Cash, discount,
Q7: Small payments are entered in
A)Simple cashbook
B)Petty cash
Q8: Imprest system is used in
A)Petty cashbook
B)Simple cashbook
C)Double
Q9: An error which violates the fundamentals of
Q11: The account to which the difference in
Q12: Journal entries passed to correct the errors
Q13: Errors cancelled by themselves are called
A)Compensating errors
B)Errors
Q14: Rs 280 received from Roy is credited
Q15: A suspense account is created when the
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