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

Check the below NCERT MCQ Class 11 Accountancy Chapter 6 Trial Balance and Rectification of Errors with Answers available with PDF free download. MCQ Questions for Class 11 Accountancy with Answers were prepared based on the latest syllabus and examination pattern issued by CBSE, NCERT and KVS. Our teachers have provided below Trial Balance and Rectification of Errors Class 11 Accountancy MCQs Questions with answers which will help students to revise and get more marks in exams

## 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

C

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

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

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

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

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

B

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

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

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

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

B

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

A

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

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

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

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

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

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

D

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

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

D

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

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

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

A

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

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.

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

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.

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

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

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

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

D

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

C

Fill In The Blanks.

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

single side or arithmetical error

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

fraud

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

commission

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

principal

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

Credit, Debit

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

Credit

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

Balancing

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

Real and personal

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

Liabilities

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

single side 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. ……………..

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.– – – –.

Suspense, 10.000

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

Single

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

partial omission

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

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…………….

10000

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

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 ………………

not correct

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

Credit , Rs. 1000

True/False.

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

True

Question. Trial Balance facilitates preparation of final accounts.

True

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

False

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

False

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

True

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

False

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

True

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

True

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

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.

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.

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.

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.

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.

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

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”.

False

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

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

True

Match The Following

Question.

1-d ,2- c

Question.

1-a,2- c

Question.

1-a,2- d

Question.

1-d,2- b

Question.

1-b,2- a

Question.

1-a,2- b

Question.

1-a,2- b

Question.

1-a,2- b

Question.

1-c,2- a

Question.

1-a,2- b

Question.

1-b ,2- a

Question.

1-b ,2- c

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