1. How many methods are there for preparing Trial Balance –
(a) One
(b) Three
(c) Four
(d) None of these
2. What kind of accuracy is tested by Trial balance-
(a) Theoritical
(b) Practical
(c) Arithmetical
(d) None of these
3. The error which can be disclosed by Trial balance-
(a) Error of ommission
(b) Error of principal
(c) Compensatory error
(d) None of these
4. Errors are rectified in this book-
(a) Ledger book
(b) Journal proper
(c) Trial balance
(d) None of these
5. Errors committed due to lack of basis principle of Accounting are called –
(a) Compensating errors
(b) Error of principle
(c) Single sided error
(d) None of these
6. Errors Committed by omitting entries in the Journal book is called –
(a) Error of commission
(b) Error of principle
(c) Error of comission
(d) None of these
7. If the trial balance does not tally after many efforts then following Account is opened –
(a) Purchase account
(b) Suspense account
(c) Sales account
(d) None of these
