Trial Balance & Rectification
JKSSB Finance Accounts Assistant · Accountancy & Book-Keeping · 21 practice questions with answers and explanations: 6 Easy, 10 Medium, 5 Hard.
Sample questions
Sample Easy question 1
An error where a transaction is completely omitted from the books of original entry is called an error of:
- Commission
- Complete omission
- Principle
- Compensating error
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Answer: B. An error of complete omission occurs when a transaction is not recorded anywhere in the books at all.
Sample Medium question 2
An error where a transaction is recorded but against accounting principles, such as treating a capital expense as revenue expense, is called what?
- Error of principle
- Error of omission
- Error of commission
- Clerical error
Show answer
Answer: A. An error of principle violates accounting principles, e.g., misclassifying capital and revenue items.
Sample Hard question 3
If total purchases are overstated by Rs. 500 and total sales are also overstated by Rs. 500, this is an example of:
- Compensating error
- Error of principle
- Error of omission
- Clerical error only
Show answer
Answer: A. Two independent errors that happen to cancel each other's effect on the trial balance are compensating errors.
More Accountancy & Book-Keeping topics for JKSSB Finance Accounts Assistant
- Bank Reconciliation
- Banking Awareness
- Basic Accounting Concepts
- Cost Accounting & Budgetary Control
- Depreciation
- Financial Statements
- Government Accounting & Budgeting
- GST & Taxation Basics
- Journal & Ledger
- Partnership Accounts
- Public Finance
- Public Financial Management System (PFMS)
- Social Accounting & Audit