Britain International College Network

Name: ____________________ Class: 1st Year Subject: P. Accounting

Roll #: ________________________ Test : Time Allowed: 1:00 hrs
Ch# Date: 13-11-2019 Marks: /20

OBJECTIVE
Q1: Choose the right answer /05
1. Wrong addition is ______
Errors of
a. Errors of omission b. c. Errors of principles d. None
commission
2. Error which effects the account can be
a. Error of omission b. Error of principle c. Error of posting d. None
3. Trial Balance is prepared to detect _______

Error of Error of
a. Error of omission b. c. d. Error of Principle
commission compensating

4. Rs. 900 Paid to Irfan recorded in his a/c as Rs .500_______

Error of Compensating
a. b. Error of omission c. Error of principles d.
commission error
5. If an amount posted twice in ledger is the error of _______
a. Omission b. Commission c. Principle d. Compensation
6. Error of omission effects ______
a. One A/c b. Three A/c c. Two A/C d. None
7. The Process of totaling the data at the end of period is _______
a. Casting b. Posting c. Recording d. Compensating
8. Error of carry forward will effect _____
Impersonal
a. b. Nominal Accounts c. Personal Account s d. None
Accounts
9. Any difference in trial Balance is transferred to ___________
a. Sales A/c b. Purchases A/c c. Suspense A/c d. Nominal A/C
10. If there is any error in bank account it will effect ___________

Trading and P & L

a. b. P & L A/c c. Balance sheet d. Trading A/C
A/ c

SUBJECTIVE
Q2: Answer the following short questions. 2x4=08

I. Define error of casting and give its two example?

II. What is suspense Account?
III. What is under casting?
IV. What is over casting?

Long questions (7)

Q4: Rectify the following errors.

1. The purchase book was under cast for Rs. 1000.
2. Machinery bought Rs. 1000 posted as purchase.
3. Sale book was overcastted by Rs. 550.
4. Sold old furniture for Rs. 250 passed thought the day Book.
5. Carriage on Machinery Rs. 500 has been debited to carriage account.