In this page you would find all the relevant material regarding the financial accounting topic of ‘ Rectification of Error’ or ‘ Correction of Error’. The Material includes Video lectures, Notes, Practice Questions etc.
Language: (Urdu and Hindi) Video Length: About 19 minutes File Type: Flash file (zipped) File Size: 5.5 mb
Lecture Overview: In this lecture you would learn about two broad categories of Error i.e. ;
Errors that affect trial balance agreement &;
Errors that do not affect trial balance agreement.
The errors which do not affect the trial balance agreement are further divided in to 6 categories;
a: Error of Omittion
Continue reading “ Correction of Error” →
This question tests your basic knowledge of various accounting Principals ranging from fundamental accounting principals to inventory (IAS 2).
Question:- Revenue is not recognized when it is received.
Ans: True, it is recognized in the period in which it is earned.
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This is the professional exam level question on the topic of Branch Accounting.
It is moderately difficult.
File size : 1.12 mb
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adobe reader 7 or above to view the file contents.
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There are about 10 MCQs on the topic of material.
Q:- One of the following documents is used for issuing materials to production departments.
A: Purchase Requisition Note
B: Stores Requisition Note
C: Goods Received Note
D: Stores Credit Note
Now attempt the following question. Click on the following video. It takes some time to load. After it is fully loaded, the test will begin.
There is no time limit to answer the question.
Download the file and attempt the question on the topic “Labour Cost” of cost accounting. Currently there are 10 Questions. You need to have adobe reader 9 or higher to access the file.
Continue reading “ Practice Questions — Labour Cost” →
Download the Mcqs on the topic of Process Costing. Please note that you will require
Adobe Acrobat Reader 9 or higher to view the file.
Continue reading “ Practice Questions — Process Costing” →
In this file, you will find 10 MCQs and True/Falls etc regarding cost accounting. All questions carry equal marks i.e 10. You need 80% to pass this test. This is very easy and for beginners.
Continue reading “ General Cost Accounting Quizz” →
This is the last lecture on
In the four Variance method following variances are calculated
Idle Capacity Variance
Variable Efficiency Variance
Fixed Efficiency Variance.
Continue reading “ Overhead Variance – Four Variance Method” →