ROE

Question 1

TYPES OF ERROR

Answer 1

1) error of commission
2)error of omission
3) compensating error

Question 2

ERROR OF PRINCIPLE CAN ONLY HAPPEN AT

Answer 2

WHILE PASSING OF JOURNAL ENTRIES

Question 2

COMPENSATING ERROR

Answer 2

JAB DO ERROR EK DUSRE KI GALTI KO NULLIFY KARDE

Question 2

JAB KOI BHI EK SPOT KHAALI HO DR YAA CR TO WE USE

Answer 2

P$L SUSPENSE ALC

Question 2

SHOW THE EFFECT ON TRIAL BALANCE / WITHOUT USING SUSPENSE ACCOUNT

Answer 2

dont use suspense account and write one liners with telling what would have happen before rectifying the given problem or entry
EX-1)the debit side would have been shorter by X$

Question 3

ERRORS
1) NOT BEEN PASSED/ NOT ENTREED
2) POSTED TO THE DEBIT/ POSTED TO THE CREDIT
3) CASTED SHORT/ CASTED MORE

Answer 3

1) JOURNAL ENTRIES ke errors
2) LEDGER KE errors
3) TRIAL BALANCE KE ERROR

Question 4

IN THE SUMS OF NEXT YEAR AND SHIT

Answer 4

THE ALL THE NOMINAL ACCOUNTS WILL BE CHANGED TO PROFIT AND LOSS ADJUSTMENT ACCOUNTS

Question 4

IN THE NEXT YEAR QUESTIONS
1) DEBTOR
2) CREDITOR
3) NOMINAL

Answer 4

1) TRADE RECEIVABLE
2) TRADE PAYABLES
3) P&L ADJUSTMENTS ALC

Question 4

IN EVERY QUESTION THAT IS NECCESSARY

Answer 4

TO OPEN A SUSPENSE ACCOUNT IF THE SUM IS OF SUSPENSE ACCOUNT BOLA GAYA HO YAAA NAHI BHI

Question 5

jab question mei P&L ADJUSTMENT ALC aur SUSPENSE ALC BANNE TO

Answer 5

BALANCING FIGURE WILL BE TRANSFERED TO CAPITAL ACCOUNT

Question 6

if the DIFFERENCE OF TRIAL BALANCE IS TRANSFERRED TO
1)suspense account
2)p&l account

Answer 6

1) BALANCE B/D = no journal entries
2) CAPITAL ALC = journal entries 2 more