Which of these errors affect two or more accounts

Related Mcqs:

Which of the following statements is true?

A. If a Trial Balance tallies, it always means that none of the transactions has been completely omitted B. A Trial Balance will not tally if a transaction is omitted C. A customer to whom goods have been sold on credit cannot avail himself of a cash discount D. A credit balance in the Pass … Which of the following statements is true?Read More...

Which one of the following is a capital expenditure?

A. Compensation paid to Directors on termination of their services B. Expenditure incurred in connection with the renewal of a Trade Mark. C. Gratuities paid to Directors on termination of their services. D. Royalty paid in installments for the purchase of rights to manufacture and sell patient medicines....

Which of the following is not a method of charging depreciation?

A. Straight line Method B. Written down value Method C. Discounted present value Method D. Sum of digits Method...

Closing entries are generally passed:

A. At the time of opening new books of account B. At the time of closing the accounts C. During the course of accounting period any time D. After certification of accounts...

If the minimum stock level and average stock level of raw material are 4,000 and 9,000 units respectively, find out its reorder quantity.

A. 8,000 units B. 11,000 units C. 10,000 units D. 9,000 units...