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

Question
Which of the following errors will cause the Trial Balance to disagree?
A. Complete omission of a transaction
B. Posting Rs 500 to the debit of Machinary instead of Wages
C. Recording a transaction in the wrong subsidiary book
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.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
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Practice More Accountancy and Book Keeping Questions

Question #1
An amended Cash Book is prepared to correct:
A. Timing differences like unpresented cheques
B. Errors and omissions made in the Cash Book
C. Only bank overdrafts
D. Errors made by the bank
Discuss
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Correct Answer: Option B

Explanation:
An amended cash book is prepared to adjust omissions (like bank charges) and errors in the cash book before preparing the final BRS.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Question #2
Which of the following is a type of audit opinion?
A. All of the above
B. Adverse Opinion
C. Clean Opinion
D. Qualified Opinion
Discuss
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Correct Answer: Option A

Explanation:
Auditors can issue unqualified (clean), qualified, adverse, or disclaimer of opinion reports based on their findings.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Question #3
The 'Independence' of an auditor is required because:
A. To reduce fees
B. To maintain objectivity and impartiality in the audit opinion
C. To increase revenue
D. To comply with company law only
Discuss
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Correct Answer: Option B

Explanation:
Independence ensures unbiased opinion.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
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