1571. Over casting of purchase book is in example of error of :
A. Carry forward
B. Posting
C. Compensation
D. Casting
1572. Error of posting affects :
A. One account *
B. Two accounts
C. Three accounts
D. Four accounts
1573. Sales of 625 $ to ali were posted to his account as 562 $ . to rectify the error ali’s account will be
A. Debited by 118 $
B. Debited by 63 $ *
C. Credite by 63 $
D. Both debited and credited by 63 $
1574. Sales of 500 $ to amjad were not recorded while rectifying this error , amjad’s account will be :
A. Credited by 1000 $
B. Credited by 500 $
C. Debited by 500 $ *
D. Debited by 1000 $
1575. An asset was purchased for the business however the amount was debited to purchases account. it is an error of :
A. Recording
B. Posting
C. Costing
D. Principle *
1576. Some expenses are incurred at the time of the sale of an asset . The amount will be debited to :
A. Assets account *
B. Expenses account
C. Cash account
D. Purchase account
1577. Impersonal accounts are affected by :
A. Errors of carry forward *
B. Errors of casting
C. Errors of omission
D. None of these
1578. Purchases from Kamran 499 $ were not recoreded this will affect :
A. Only purchases account
B. Only Kamran account
C. Both the accounts *
D. None of these
1579. Sales to Fahad, 506 $ posted to his account as 605 $ affect :
A. Sales account
B. Fahad account *
C. Cash account
D. Debtors account
1580. Sales to Imran 336 $ have been debited to kamran’s account This will be rectified by :
A. Debiting Imran’s account and credited Kamrans account *
B. Debiting Kamran’s account and crediting Imran’s account
C. Crediting both accounts
D. None of these