Advanced Questions

1:

Match the items from List-I with the items in List-II

List-I                                       List-II

(A) Error of Principle        (i) A purchase of Rs. 1000/- has not been

                                         recorded

(B) Error of Commission  (ii) Treating repair charges as addition to assets

(C) Error of Omission       (iii) A sale of Rs. 563 was posted as Rs. 653

(D) Compensatory error    (iv) Sales book is undercast by Rs1000/- and

                                        return inward book is overcast by Rs1000

                                      (v) Return inward book is undercast by

                                           Rs1000/- and purchase book is

                                           overcast by Rs.1000/-

A.

Code:

(a) (b) (c) (d)

(ii) (iii) (i) (iv)

B.

Code:

(a) (b) (c) (d)

(ii) (iii) (iv) (v)

C.

Code:

(a) (b) (c) (d)

(iv) (ii) (i) (iii)

D.

Code:

(a) (b) (c) (d)

(ii) (iii) (i) (v)

 

Answer : D

Explanation :

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Option: A

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