Account Errors MCQs

By: Prof. Dr. Fazal Rehman | Last updated: May 21, 2025

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1. What are the classifications of errors in the books of account?



2. Errors committed in the books of original entry and ledger posting are known as:



3. When a transaction is not recorded at all in the book of original entry, it is called:



4. If a transaction is recorded in the original book but not posted to ledger, it is known as:



5. Incorrect posting of correctly recorded transactions is termed as:



6. Misclassification between capital and revenue expenditure is called:



7. Totaling the books of account at any period is referred to as:



8. Short or excess totaling in books or ledger results in:



9. Errors found in the trial balance are classified as:



10. Misplaced transactions in the record are called:



11. Errors affecting the income statement relate to:



12. Misapplication of capital and revenue items represents:



13. Incorrect estimation of reduction is categorized as:



14. Omitting a balance in the trial balance is known as:



15. A temporary ledger account used when the correct one is unknown is called:



16. Rent paid Rs. 300 was posted as Rs. 80. Rectification requires rent account to be:



17. Commission received Rs. 500 posted as Rs. 125. Rectification requires commission account to be:



18. Goods sold Rs. 50,000 to Imran recorded in consumption book affects:



19. Totalling error in the sales day book is known as:



20. General expenses Rs. 18 posted as Rs. 80. If suspense account is used, which account is credited?



21. Sales book undercast by Rs. 900. With suspense account, which account is debited?



22. Goods bought from Aslam Rs. 472 credited as Rs. 742. Rectification involves:



23. Furniture Rs. 30,000 recorded in purchases day book is an example of:



24. Wages for machinery installation debited to wages is an example of:



25. Excess debit in stationery and excess credit in sales account is an example of:



26. Short credit to sales account will affect:



27. Errors in bank account affect:



28. Omission of income in books will:



29. Error of omission affects:



30. Difference in trial balance is transferred to:



31. An inventory error affects how many accounting periods?



32. Which error does not affect the Trial Balance?



33. Which is an error of omission?



34. Office furniture Rs. 3400 debited to General Expenses is:



35. Which of the following errors affects the Trial Balance?



36. Errors of commission affect:



37. Trial Balance preparation helps in locating:



38. Which is an error of principle?



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