MCQ Question for Accountancy Class 11 With Answers Chapter 6 Trial Balance and Rectification of Errors

MCQs Class 11

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Trial Balance and Rectification of Errors Class 11 Accountancy MCQs Questions with Answers

Refer below for MCQs Trial Balance and Rectification of Errors with solutions. Solve questions and compare with the answers provided below

Question. If a purchase return of Rs 2000 has been wrongly posted to the debit of the sales returns account, but has been correctly entered in the suppliers account the total to the:
a) Trial balance would show the debit side to be Rs 2000 more than the credit
b) Trial balance would show the credit side to be Rs 2000 more than the debit
c) Debit side of the Trial balance will be Rs 4000 more than the credit side
d) Credit side of the trial balance will be Rs 4000 more than the debit side 

Answer

C

Question. Trial balance checks the ____________.
a) Principle errors
b) Compensating errors
c) Arithmetical accuracy
d) None of them

Answer

C

Question. Goods worth RS 24000 were returned by X. the accountant however, credited the sales returns account by Rs 42,000. In order to rectify this error, what should be done?
a) Debit the sales return account by Rs 42,000.
b) Credit the sales return account by Rs 24,000
c) Debit the sales return account by Rs 66,000
d) Debit the sales return account by Rs 18,000 

Answer

C

Question. Carriage inwards, carriage outwards, return inwards and return outwards.
a) All above items depict debit balances
b) All above items depict credit balances
c) One debit and three credit
d) One credit and three debit

Answer

D

Question. Error of principle is
a) Credit purchase of machinery is recorded in purchase book
b) Credit purchase of machinery is recorded in journal proper
c) Credit purchase of goods recorded in purchase book
d) None of the above

Answer

A

Question. After providing the trial balance the accountant finds that the total of debit side is short by Rs 2,500. This difference will be
a) Credited to suspense account
b) Debited to suspense account
c) Adjusted to any of the debit balance accounts
d) Adjusted to any of the credit balance accounts 

Answer

B

Question. Trial balance is _________
a) An account
b) A statement
c) A balance sheet
d) None of them

Answer

B

Question. The amount of the dishonoured bill has been wrongly debited to the general expenses account. Which type of error has been committed?
a) Error of principle
b) Compensating error
c) Error of complete omission
d) All of these 

Answer

A

Question. The reason for agreement of a trial balance is _________.
a) Transactions have dual aspect
b) Transactions have single aspect
c) Because of suspense account
d) None of them

Answer

A

Question. Writing an amount in the wrong account but on the correct side will __________ the trial balance.
a) Will affect
b) Will not affect
c) None of them

Answer

B

Question. While calculating cost of goods sold _____________should be added.
a) Wages
b) Salaries
c) Carriage outwards
d) None of them

Answer

A

Question. Interest on drawings indicates ___________balance in trial balance.
q) Debit
b) Credit
c) Both
d) None of them

Answer

B

Question. If a trial balance doesn’t agree, then which account is opened in order to reconcile the trial balance?
a) Profit and loss account
b) Suspense account
c) Goodwill account
d) Capital reserve

Answer

B

Question. Trial balance is the link between ________ and _______.
a) Journal and ledger
b) Ledger and subsidiary books
c) Ledger and final accounts
d) None of them

Answer

C

Question. Closing stock is not accounted in the trial balance because_______
a) It has not been brought into account
b) It has been brought into account
c) None of them

Answer

A

Question. Rs.2,000 received as commission correctly entered in the cash book is not posted to commission account. The ______side of trial balance will _______.
a) Debit, exceed
b) Credit, exceed
c) Debit, decrease
d) Credit, decrease

Answer

A

Question. Purchase of office furniture for Rs 20,000 has been debited to Purchase A/c it is:
a) An error of omission
b) An error of commission
c) Compensating Error
d) An error of Principle 

Answer

D

Question. Rs 1500 received from Bahadur, whose account was previously written off as bad debt should be credited to
a) Bahadur’s A/c
b) Bad Debts Recovered A/c
c) Suspense A/c
d) Cash A/c 

Answer

B

Question. Wages paid for the construction of building were recorded in wages account. This is ______________
a) Error of omission
b) Error of commission
c) Compensating error
d) Error of principle

Answer

D

Question. Omission of an account from the trial balance ________ the trial balance.
a) Will affect
b) Will not affect
c) none of them

Answer

A

Question. Outstanding interest Rs.1,000; prepaid rent Rs. 1,000 ; debtors Rs.2,000; creditors Rs.2,000 ; building Rs.20,000. The amount of capital is ___________.
a) 30,000
b) 10,000
c) 20,000
d) 15,000

Answer

C

Question. The error which is revealed by the trial balance is ______________.
a) Wrong amount posted in the ledger account
b) Wrong amount entered into the books of original entry
c) Complete omission
d) None of them

Answer

A

Question. Balancing of Trial balance ensures the accuracy of books of accounts.
a) Yes
b) No
c) None of them

Answer

B

Question. A dealer dealing in furniture business purchased furniture, recorded in furniture account.
a) There is an error in the above transaction, but trial balance will agree.
b) There is not any error in the above transaction, trial balance will not agree.
c) There is an error and trial balance will not agree.

Answer

A

Question. Rent paid for Rs. 5,000 was posted as 5,200 and carriage outwards paid for Rs.8,000 was posted as 7,800. Identify the type of error.
a) Error of commission
b) Error of omission
c) Compensating errors
d) Error of principle

Answer

C

Question. Error of commission arises when
a) Any transaction is recorded in a fundamentally incorrect manner.
b) Any transaction is incorrectly recorded; either wholly or partially
c) Any transaction is omitted to be recorded
d) Wrong rule is applied.

Answer

B

 Question. Sale of typewriter that has been used in the office credited to sales account , which account is to be credited:
a) Sales A/c
b) Cash A/c
c) Capital A/c
d) Typewriter a/c

Answer

D

Question. Errors of carry forward from one year to another year affected
a) Personal Account
b) Real Account
c) Nominal Account
d) Both Personal &Real A/c 

Answer

D

Question. Error of principle arises when
a) Any transaction is recorded in a fundamentally incorrect manner
b) Any transaction is left to be recorded either wholly or Partially
c) Any transaction recorded with double amount
d) None of these 

Answer

A

Question. The preparation of a Trial balance is for:
a) Locating errors of omission
b) Locating errors of principle
c) Locating clerical errors
d) All of the above 

Answer

D

Question. Wrong totaling of account is
a) Error of Principle
b) Error of omission
c) Error of Commission
d) Compensating Error 

Answer

C

Fill In The Blanks.

Question. When an error effect only one account & also incurred difference in trial balance is known as ……………….

Answer

single side or arithmetical error

Question. It is easy to detect errors than to ……………….

Answer

fraud

Question. An amount wrongly recorded in journal is an error of ……………….

Answer

commission

Question. Transaction recorded in journal without using proper rules of accounting is known as …………… error.

Answer

principal

Question. If the suspense account indicates a debit balance, it shows that – – – – column of the trial balance is more than the – – – – column.

Answer

Credit, Debit

Question. – – – – balance of personal account represents the amount payable to him.

Answer

Credit

Question. The process of writing the difference of totals on the shorter side of the account is known as – – – –.

Answer

Balancing

Question. Trial balance is a list of the balances of all – – – – accounts and – – – – accounts. 

Answer

Real and personal

Question. Output CGST A/c will be shown on the – – – – side of the Balance Sheet.

Answer

Liabilities

Question. Difference in trial balance arise due to ……………… error.

Answer

single side error

Question. ……………………account will Debit in rectify entry if bad debts Rs 2000 were not entered in the books.

Answer

bad debts 2000

Question. Furniture A/c shows an opening balance of Rs.5,00,000. Furniture with a book value of Rs.10,000 was sold during the year. New furniture was purchased for Rs.40,000. Depreciation provided Rs.5000. The closing balance of Furniture A/c is Rs. ……………..   

Answer

5,25,000

Question. Total of the debit side of trial balance is Rs. 35,000 and credit total is Rs.45,000. – – – – A/c will be opened with Rs.– – – –.   

Answer

Suspense, 10.000

Question. Suspense account appeared in the trial balance shown ……………… side error.

Answer

Single

Question. Rent paid correctly posted in rent account but not recorded in cash account is an example of ……………side error.

Answer

partial omission

Question. Sale of Rs. 10,000 to Raman was recorded in purchase book while Suspense account will be debited by …….amount.

Answer

Rs 20,000

Question. Cash sale Rs 16000 were posted to sales account as Rs. 6000. In rectification entry sale account will credit by Rs…………….

Answer

10000

Question. If we have not posted an individual account in related ledger account is a …………………..error.

Answer

partial omission

Question. Rs. 5000 paid as a rent to Gopal the owner of shop was debited to Gopal’s personal account so difference arise in trial balance. This statement is ………………      

Answer

not correct

Question. Sales return book over cast by Rs. 1000. For rectify this mistake sale return account will…………….. by Rs…………………..

Answer

Credit , Rs. 1000

True/False.

Question. A Trial Balance is a list of balances of ledger accounts & cash book.

Answer

True

Question. Trial Balance facilitates preparation of final accounts.

Answer

True

Question. A Trial Balance can be prepared only by one method.

Answer

False

Question. A Trial Balance is an account which shows the balances of all ledger accounts.

Answer

False

Question. Trial Balance is prepared to check the arithmetic accuracy of ledger accounts.

Answer

True

Question. A trial balance can be prepared only on a particular date.

Answer

False

Question. On the basis of nature of errors, all the error can be classified into four categories.

Answer

True

Question. The errors of omission may be committed at the time of recording the transaction in the books of original entry.

Answer

True

Question. A Trial Balance shows either debit or credit balances.

Answer

False

Question. Output CGST A/c has a balance of Rs.4,000. It will be shown in the debit balances in the trial balance.

Answer

False

Question. If purchase book has been overcast by Rs.10,000 resulting in excess debit of Rs.10,000 in purchase account and return inward book is undercast by Rs.10,000 resulting in short debit to return inward account is a case of compensating errors.

Answer

True

Question. A draft for Rs.1000 received from Vikash was dishonoured and had been posted to the debit of sales return account. The rectification entry is ‘vikash’s a/c debit and credit sales return a/c by Rs.1000.

Answer

True

Question. Following balances are given to you on 1st April,2019:
Stock A/c Rs.50,000; Building A/c Rs.80,000;Machinery A/c Rs.60,000;Creditors Rs.90,000.
Balance of capital A/c will be Rs.1,10,000.

Answer

False

Question. A Sale of old machine on credit to Mr.Chirag for Rs.90,000 on 30th September 2018 was not entered in the books at all. The book value of the machine was Rs.67,500. In rectification entry machine account credited by Rs.67500.

Answer

True

Question. Old plant sold to Mr. Happy at its book value of Rs.5,000 was recorded in sales book. The rectification enry is :
Sales A/c Dr.
To Machinery A/c

Answer

True

Question. Goods were sold to Mr. Aman for Rs.40,000 and to Mr. Harsh for Rs.30,000. The transactions were recorded properly in the sales book, but Rs.30,000 was posted to Mr. Aman, while Rs.40,000 was posted to Mr. Harsh. This type of error is “Error of commission”.

Answer

False

Question. If the total of debit side of trial balance is short, SUSPENSE ACCOUNT will shown credit balance.

Answer

False

Question. Goods cost Rs.10,000; market valueRs.12,000 distributed as charity were not recorded anywhere. The rectification entry is
Charity A/c Dr. 1000
To Purchase A/c 1000

Answer

True

Match The Following

Question.

1. Trial balance is a statement which does not ensure the accuracy of books of accounts.
The errors which remain undetected even if the trial balance agrees are
a. Errors of omission
2. if the effect of one error is neutralized by the effect of some other error it isb. Errors of commission
c. Compensating error
d. All of the above
Answer

1-d ,2- c

Question.

1.Closing stock will not figure in the trial balance becausea. It has not yet been brought into account
2. if the debit side of Trial balance of exceeds the credit side ,the
difference will be put on
b. It has been brought into account
c. credit side of suspense account
d. debit side of trial balance
Answer

1-a,2- c

Question.

1. if Rs5,000 is received as rent and correctly entered in the cash book are not posted to rent account, its effect on trial balance would bea. Debit side of trial balance will exceed by rupees 5,000
2. 2.if Rs5,000 is received as rent and correctly entered in the cash book and posted to credit of rent account, its effect on trial balance would beb. Credit side of trial balance will exceed by rupees 5,000
c. Trial balances will not agree .
d.Trial balances will agree .
Answer

1-a,2- d

Question.

1. A trial balance may be prepared ata. End of every month, quarterly ,half yearly
2. journal is preparedb. every day
c. yearly
d. Particular Date .
Answer

1-d,2- b

Question.

1. If the effect of one error is neutralized by the effect of some other error .it isa.error of commission
2. If a wrong amount is entered either in the journal or subsidiary bookb.compensating error
Answer

1-b,2- a

Question.

1. Discount allowed to customer Rs 500 has been posted to the credit of Discount Received
account , then the total amount of discount Received account is :
a. overcast
2. Discount allowed to customer Rs 500 has been posted to the credit of Discount Received
account , then the total amount of discount allowed account is :
b. undercast
c. Correctly cast
d. None of these
Answer

1-a,2- b

Question.

1. Double – sided Errorsa. Credit sale to amit Rs 7,000 were recorded as Rs 7,200
2. Single – Sided errorsb. Credit sales to Arun Rs 7,000 was posted to credit side of Arun account
Answer

1-a,2- b

Question.

1. Errors which do not affect the trial balance .a. Credit Purchase from raj Rs 10,000 were recorded in sales book
2. Errors which do not affect the trial balance . b. Credit purchase from raj Rs 10,000 were recorded in sales book
but raj account was credited
c. Both
d. None of these
Answer

1-a,2- b

Question.

1. Amount payable to ram for Repairs done to furniture Rs 1,500 and furniture supplied Rs 9,500
were recorded in purchase book as 10,000. In this to rectify Ram account will be credited with amount :
a. 10,000
2. Amount payable to ram for Repairs done to furniture Rs 1,500 and furniture supplied Rs 9,500
were recorded in purchase book. In this to rectify Purchase account will be credited with amount :
b.9,500
c. 1,000
d.1,500
Answer

1-c,2- a

Question.

1. Sold Goods to Ram Rs 50,000 was wrongly credited to Ram account. To rectify Ram Account will be :a. Debited
2. Purchased Goods From Ram Rs 50,000 was wrongly Debited to Ram account. To rectify Ram Account will be :b. Credited
c. No debit
d. No credit
Answer

1-a,2- b

Question.

1. A sum of Rs 375 owed by Ravi has been included in the list of Sundry creditors .Then the
Total amount of sundry debtors Is :
a. Overcast
2. A sum of Rs 375 owed by Ravi has been included in the list of Sundry creditors .Then the
Total amount of sundry Creditors Is :
b. Under cast
c. Correctly cast
Answer

1-b ,2- a

Question.

1. Purchased goods form Gopal Rs 3,600 was posted to the debit of Gopal Rs 6,300.what amount
will be credited to gopal .
a. 3,600
2. Purchased goods form Gopal Rs 3,600 was posted to the credit of Gopal Rs 6,300.what amount
will be Debited to gopal .
b. 9,900
c. 2,700
d. 6,300
Answer

1-b ,2- c

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