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CBSE - XI Commerce - Accountancy Part I - Trial Balance and Rectification of Errors
State the type of errors committed in the below transactions: Sale of old furniture worth Rs.5,000 credited to the sales account A payment of Rs.2,300 for salaries was posted twice to the salaries account Goods returned to Rakesh worth Rs.3,200 were not recorded in the books of accounts Wages paid Rs.6,150 were recorded in the cash book as Rs.6,510
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26th July 2016,
1:33 PM
CBSE - XI Commerce - Accountancy Part I - Trial Balance and Rectification of Errors
What is meant by compensating error? Explain with an example.
Asked by Topperlearning User
26th July 2016,
1:33 PM
CBSE - XI Commerce - Accountancy Part I - Trial Balance and Rectification of Errors
Name any two types of errors which affect the agreement of trial balance with examples.
Asked by Topperlearning User
26th July 2016,
1:33 PM
CBSE - XI Commerce - Accountancy Part I - Trial Balance and Rectification of Errors
Name the errors which do not affect the trail balance with reasons.
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26th July 2016,
1:33 PM
CBSE - XI Commerce - Accountancy Part I - Trial Balance and Rectification of Errors
Explain errors of omission with examples in detail.
Asked by Topperlearning User
26th July 2016,
1:33 PM
CBSE - XI Commerce - Accountancy Part I - Trial Balance and Rectification of Errors
What is meant by a one-sided error? Explain with an example.
Asked by Topperlearning User
26th July 2016,
1:33 PM
CBSE - XI Commerce - Accountancy Part I - Trial Balance and Rectification of Errors
What is meant by a two-sided error? Explain with an example.
Asked by Topperlearning User
26th July 2016,
1:33 PM
CBSE - XI Commerce - Accountancy Part I - Trial Balance and Rectification of Errors
What is meant by errors of principle?
Asked by Topperlearning User
26th July 2016,
1:33 PM
CBSE - XI Commerce - Accountancy Part I - Trial Balance and Rectification of Errors
Explain briefly the errors of commission along with example.
Asked by Topperlearning User
26th July 2016,
1:33 PM
