10 Class Accountancy Quiz 1.2

Net Profit =

Depreciation is—

Closing stock appears in—

Depreciation is charged on—

Final accounts include—

Suspense account is opened when—

Wrong amount posted is—

Which method gives equal depreciation each year?

If debit side > credit side, it is—

Error of omission means—

If credit side > debit side, it is—

Rent paid is shown in—

Error of commission means—

What does trial balance check?

If both sides of trial balance are equal, it means—

Trial balance shows—

Gross Profit =

Furniture is shown in—

Purchases appear in—

Which error is not disclosed by trial balance?