Posting an amount in the wrong account but on the correct side (c) Wrong totalling of an account (d) Carried forward wrong amount in a ledger account . Goods returned by Senguttuvan were taken into stock, but no entry was passed in the books. While rectifying this error, which of the following accounts should be debited? (a) Senguttuvan account (b) Sales returns account (c) Returns outward account (d) Purchases returns account .
A credit purchase of furniture from Athiyaman was debited to purchases account. Which of the following accounts should be debited while rectifying this error? (a) Purchases account (b) Athiyaman account (c) Furniture account (d) None of these . The total of purchases book was overcast.
Which of the following accounts should be debited in the rectifying journal entry? (a) Purchases account (b) Suspense account (c) Creditor account (d) None of the above Accountancy . Which of the following errors will be rectified using suspense account? (a) Purchases returns book was undercast by ` (b) Goods returned by Narendran was not recorded in the books (c) Goods returned by Akila ` was recorded in the sales returns book as ` (d) A credit sale of goods to Ravivarman was not entered in the sales book.
(c) . (b) . (a) II Very short answer questions . What is meant by rectification of errors?
. What is meant by error of principle? . What is meant by error of partial omission?
. What is meant by error of complete omission? . What are compensating errors?
III Short answer questions . Write a note on error of principle by giving an example. . Write a note on suspense account.
. What are the errors not disclosed by a trial balance? . What are the errors disclosed by a trial balance?
. Write a note on one-sided errors and two sided errors. IV Exercises . State the account/s affected in each of the following errors: (a) Goods