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NTS NAT ICOM Practice Accounting Rectification of Errors MCQs Test 1
NTS NAT ICOM Quiz
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NTS NAT ICOM Practice Accounting Rectification of Errors MCQs Test 1

Practice NTS NAT ICOM 2026 Practice Test Accounting MCQs from Rectification of Errors. Get instant results with Explanation.
Practice Quiz 1 for "Rectification of Errors" (Accounting). Total 10 MCQs available, split into 1 quizzes. Start with the fundamentals and build a strong base. Mastering these concepts is essential for securing a high percentile in NTS NAT ICOM.
General10 MCQs
1. What is an error of omission?
2. What are errors where wrong amounts are recorded?
3. What are errors that violate accounting principles?
4. What are errors that cancel each other out?
5. What account is used when the trial balance does not balance?
General10 MCQs
6. How do you correct an error where purchases of Rs. 500 were recorded as Rs. 50?
7. What are one-sided errors?
8. What is the effect of an error on the trial balance?
9. How do you correct a completely omitted sale of Rs. 100?
10. Does a balancing trial balance mean there are no errors?

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NTS NAT ICOM Practice Test

Conducting Body: National Testing Service (NTS)
Frequency: Monthly | Time: 90 Minutes
Negative Marking: No

⚡ Test Pattern (Total: 90 MCQs):

Merit Formula: Merit Formula: There is no single HEC merit calculation formula for NTS NAT ICOM. Universities determine their own merit criteria.

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