Which of the following errors will cause the Trial Balance to disagree? MCQ with Answer and Explanation

Which of the following errors will cause the Trial Balance to disagree?
A. Posting Rs 500 to the debit of Machinary instead of Wages
B. Recording a transaction in the wrong subsidiary book
C. Complete omission of a transaction
D. Casting the Sales Return book short by Rs 100
Answer: Option D
Solution (By JKSSB Mock Tests)
Short casting (undercasting) a subsidiary book affects only one side of the ledger, resulting in a mismatch in the Trial Balance.

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Practice More Accountancy and Book Keeping Questions

Question #1
S1: GST is a destination-based tax. S2: GST revenue goes to the state where the goods are manufactured. Which statement(s) is/are correct?
A. S1 only
B. S2 only
C. Both S1 and S2
D. Neither S1 nor S2

Correct Answer: Option A


Explanation:
GST is a destination-based consumption tax. The revenue goes to the state where the goods or services are *consumed*, not where they are manufactured (which was the case under the origin-based CST). S1 is correct, S2 is incorrect.

Question #2
S1: Under GST, the 'E-way bill' is valid for 1 day for every 100 km of movement of goods. S2: For over-dimensional cargo, the validity is 1 day for every 20 km. Which statement(s) is/are correct?
A. S2 only
B. S1 only
C. Neither S1 nor S2
D. Both S1 and S2

Correct Answer: Option D


Explanation:
Both statements are correct as per Rule 138 of the CGST Rules. Normal goods have a validity of 1 day per 100 km, while over-dimensional cargo has a validity of 1 day per 20 km.

Question #3
In a partnership firm, if a partner retires, the continuing partners:
A. Close the business
B. Revalue assets and liabilities and adjust capital
C. Distribute all assets
D. Dissolve the firm

Correct Answer: Option B


Explanation:
On retirement, the firm continues, assets and liabilities are revalued, and retiring partner's dues are settled.