Study Material

Rectification of Errors

Accountancy

Inter FIrst Year

English

Short Answer Questions

Q1. What is Errors of Omission?

Q2. Explain the errors of commission with two examples

Q3. Explain the errors of Principle with two examples

Q4. What do you mean by compensating error?

Q5. Define suspense account

Long Answer Questions

Q1. What are the various types of errors? Explain with suitable examples

Q2. What are the errors disclosed by Trial Balance and not discolosed by Trial balance?

Q3. What do you mean by Suspense Account? Explain it briefely

Q4. Distinguish between partial omission and complete omission with suitable illustrations