Professional Courses
Industry-relevant training in Business, Technology, and Design to help professionals and graduates upskill for real-world careers.
Categories
Interactive Games
Fun, engaging games to boost memory, math fluency, typing speed, and English skills—perfect for learners of all ages.
Typing
Memory
Math
English Adventures
Knowledge
Enroll to start learning
You’ve not yet enrolled in this course. Please enroll for free to listen to audio lessons, classroom podcasts and take practice test.
Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is the first step in identifying errors in the ledger?
💡 Hint: Think about how you ensure accuracy in numbers.
Question 2
Easy
What should you do once an error has been identified?
💡 Hint: Consider the term rectification.
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What is the first step to take when correcting an error in the ledger?
- Re-record the same error
- Reverse the incorrect entry
- Ignore the error
💡 Hint: Think about the importance of correcting errors.
Question 2
True or False: Errors in the ledger may lead to incorrect financial statements.
- True
- False
💡 Hint: Consider the impact of misinformation.
Solve 1 more question and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
A payment of ₹1,200 to a supplier was entered in the ledger as ₹1,020. What steps must be taken to rectify this error?
💡 Hint: Think about what needs to happen to correct the amounts originally recorded.
Question 2
If an error for ₹500 was found in two entries, one over- and one under-recorded, how would you handle this compensating error?
💡 Hint: Even if they balance out, each must be addressed accordingly.
Challenge and get performance evaluation