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

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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 

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

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 

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

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

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 

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

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 

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

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

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

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

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

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

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

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

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 

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 

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

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

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

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

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

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.

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

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.

 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

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 

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 

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 

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

Fill In The Blanks.

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

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

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

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

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

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

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

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

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

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

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

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. ……………..   

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.– – – –.   

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

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

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

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

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

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 ………………      

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

True/False.

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

Question. Trial Balance facilitates preparation of final accounts.

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

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

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

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

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

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

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

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

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.

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.

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.

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.

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

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”.

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

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

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 is	b. Errors of commission
	c. Compensating error
	d. All of the above

Question.

1.Closing stock will not figure in the trial balance because	a. 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

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 be	a. 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 be	b. Credit side of trial balance will exceed by rupees 5,000
	c. Trial balances will not agree .
	d.Trial balances will agree .

Question.

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

Question.

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

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

Question.

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

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

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

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

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

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

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