MCQs For NCERT Class 11 Chapter 6 Trial Balance and Rectification of Errors

Please refer to the MCQ Questions for Class 11 Accountancy Chapter 6 Trial Balance and Rectification of Errors with Answers. The following Trial Balance and Rectification of Errors Class 11 Accountancy MCQ Questions has been designed based on the latest syllabus and examination pattern for Class 11. Our experts have designed MCQ Questions for Class 11 Accountancy with Answers for all chapters in your NCERT Class 11 Accountancy book.

Trial Balance and Rectification of Errors Class 11 MCQ Questions with Answers

See below Trial Balance and Rectification of Errors Class 11 Accountancy MCQ Questions, solve the questions and compare your answers with the solutions provided below. 

Question. An item of Rs 72 has been debited to a personal account as Rs 27, is an error of
a) Error of Commission
b)Error of Omission
c) Error of Principle
d) None of the above

Question. Errors which affect one account can be:
a) Errors of complete omission
b) Errors of Principle
c) Errors of Partial Omission
d) none of these 

Question. In case a trial balance does not agree, the difference is put to
a) Suspense A/c
b) Drawings A/c
c) Capital A/c
d) Trading A/c

Question. Purchased goods from X for Rs.2400 but was recorded as Rs.4200 to the debit of X. In the rectifying entry , X A/c will be credited with
a) Rs.4800
b) Rs.6600
c) Rs.8400
d) Rs.2400 

Question. Rent paid to landlord amounting to Rs 500 was credited to Rent A/c with Rs 5000. In the rectifying entry, Rent A/c will be debited with
a) Rs 5,000
b) Rs 500
c) Rs 5,500
d) Rs 4,500 

Question. If the amount is posted in the wrong account or it is written on the wrong side of the account, it is called
a) Error of Omission
b) Error of Commission
c) Error of Principle
d) Compensating Error

Question. Rs 3,000 received from sub-tenant for rent and entered correctly in the cash book is posted to the debit of the rent account, in the trial balance
a) The debit total will be greater by Rs 6000 than the credit total
b) The debit total will be greater by Rs 3000 than the credit total.
c) Subject to other entries being correct the total will agree.
d) None of the above 

Question. When wrong account is debited or credited which error it is :
a) Error of Principle
b) Error of omission
c) Error of commission
d) Compensating Error 

Question. If any rule of accounting is violated, error results in
a) Error of Principle
b) Error of omission
c) Error of commission
d) Error of posting 

Question. Sales to Shyam of Rs500 not recorded in the books would affect
a) Shyam’s Account
b) Sales Account
c) Sales Account and Shyam’s Account
d) Cash Account 

Question. Sales to Ram, Rs 336 posted to his account as Rs 363 will affect:
a) Sales account
b) Ram’s account
c) Cash Account
d) All accounts

Question. Credit Sales to X of Rs.3000 recorded in purchase book. This came to notice after preparing the final accounts. The rectification entry is :
a) X a/c debit to Sales a/c
b) X a/c debit to Suspense a/c
c) Purchase a/c debit to Sales a/c
d) None of these 

Question. A briefcase purchased for Rs 800 for the son of a partner was debited to General Exp. A/c with Rs 80. In the rectifying entry, Drawing a/c should be debited with
a) Rs 880
b) Rs 720
c) Rs 800
d) Rs 80. 

Question. Discount allowed Rs 93 to Mohan has been credited to his account by Rs 39 the error will be rectified by :
a) Crediting Mohan by Rs 54.
b) Debiting Mohan by Rs 54.
c) Debiting discount by Rs 54.
d) Crediting discount by Rs.54 

Question. Capital and interest on capital have ______ and _______ balances respectively in a trial balance.
a) Credit and debit
b) Debit and credit
c) Debit and debit
d) Credit and credit

Question. Interest on given loan and loans and advances (given) have ________and________ balances respectively in a trial balance.
a) Debit and credit
b) Debit and debit
c) Credit and credit
d) Credit and debit

Question. Goods costing Rs.10000 taken by the proprietor for personal use were credited to Sales Account. While passing rectifying entry :
a) Drawing Account to be debited and Purchase Account to be credited.
b) Sales Account to be debited and Drawings Account to be credited
c) Sales Account to be debited and Purchases Account to be credited
d) Sales Account to be debited and Suspense Account to be credited. 

Question. Which of the following error is an error of principle?
a) Rs.600 received from X has been debited to his account
b) Purchase of Rs.2000 has been entered in the same journal
c) Repairs for the building have been debited to building account
d) None of these 

Question. Purchased goods form Gopal for Rs 3,600 but was recorded in Gopal’s A/c as RS 6300. In the rectifying entry Gopal’s A/c will be debited with
a) 9,900
b) 2,700
c) 2,600
d) 6,300 

Question. Credit sales to Mahesh Rs.200 was posted to Mahesh’s a/c by Rs.2000. Mahesh’s a/c will credited by :
a) Rs 2200
b) Rs 200
c) Rs 2000
d) Rs 1800 

Question. Which of the following errors will not affect the trial balance?
a) Wrong balance of an account
b) Wrong totaling of an account
c) Writing an amount in the wrong account but on the correct side
d) Omission of an account from trial balance 

Question. Sohan returned goods to us amounting Rs 4200 but was recorded as Rs 2400 in his account, in the rectifying entry Sohan’s A/c will be credited with
a) Rs 1800
b) Rs 4,200
c) RS 2,400
d) Rs 6,600 

Question. Goods sold to Sethi for Rs 640 was recorded in his account as Rs 460. In the rectifying entry, Sethi’s A/c will be debited with
a) Rs 180
b) Rs 460
c) Rs 640
d) Rs1100 

Question. Purchase book was carried forward as Rs.125 instead of Rs.225
a) Profit will decrease by Rs.100
b) Profit will increase by Rs.100
c) No change
d) Profit will decrease by Rs.200 

Question. Errors of Commission do not permit
a) The trial balance to agree
b) Correct total of Balance sheet
c) Correct totaling of Trial Balance
d) None of the above. 

Question. Error of omission arises when:
a) Any transactions is incorrectly recorded, either wholly or partially
b) Any transaction is left either wholly or partially
c) Any transaction Is recorded in a fundamentally incorrect manner
d) None of these 

Question. Suspense Account in The Trial balance will be entered in the
a) Manufacturing A/c
b) Trading a/c
c) Profit & Loss A/c
d) Balance Sheet

Question. A bill receivable of Rs 500 was dishonoured and credited as Rs 50 in B/R A/c. the error will be rectified by:
a) Crediting debtor by Rs 450
b) Crediting bills receivable by Rs 450
c) Debiting bills receivable by Rs 450
d) Debiting debtors A/c by Rs 550 

Question. An amount of Rs.286 due from Bimla , written off as bad debt in a previous year, was recovered and credited to the personal account of Bimla. The rectifying entry is :
a) Bank a/c debit to Bimla’s a/c
b) Bimla’s a/c debit to Bank a/c
c) Bank a/c debit to Bad debt Recovered a/c
d) Bimla’s a/c debit to Bad debt Recovered a/c

Question. Purchase of office furniture RS 1200 has been debited to General Expenses Account. It is:
a) A clerical error
b) An error of principle
c) An error of omission
d) A compensating error 

Question. Goods purchased from A for Rs 30,000 passed through the sales book. The error will result in
a) Increase in gross profit
b) Decrease in gross profit
c) No effect on gross profit
d) Either a or b

Fill In The Blanks.

Question. When an error effect two or more accounts is known as ……………..

Question. All the errors can be classified into ………… categories.

Question. Error incurred due to transaction not recorded in journal is ………………error.

Question. When trial balance does not match – – – –A/c is opened.

Question. Returns Outwards A/c generally has a – – – – balance.

Question. When two or more errors are committed in such a way that the net effect of the errors is nil, such errors are known as …………………. error.

Question. Omission error can be further classified into ……………… category.

Question. The main objective of preparing a trial balance is to verify the – – – – accuracy of accounting entries.

Question. A list of balances of all ledger accounts and cash book is called – – – –.

Question. Cash A/c always has a – – – – balance.

Question. Purchase of office furniture for Rs. 5000 has been debited to purchase account. It is ……………error.

Question. Goods return to Manoj Rs. 2000 was credited in ashok account as Rs. 1500. To rectify error ………. account will credit by Rs. ……………………

Question. Nominal account having credit balance represents – – – –.

Question. In rectification entry purchase account……………………. if purchased goods were not posted in purchase account.

Question. In rectification entry suspense account used when rectification is done after preparing ……………………

Question. Received Rs. 1500 from Dev was posted to Anand account by Rs.1000. In rectification entry Suspense account will debit by Rs…………………..

Question. Machinery Rs. 40,000; Creditors Rs. 30,000. Cash Rs.36,000; Bank Rs. 10,000; Debtors Rs.45,000; Bills Payable Rs. 5,000; Stock Rs. 44,000; Suspense A/c will be credited with Rs. – – – –.

Question. Credit purchased from Rohan Rs. 9000 was posted to the debit of his account as Rs. 6000. To rectify mistake rohan account will be ………… by Rs.…………

Question. Salary paid were not posted to salary account arise difference in trial balance ………..side.

Question. Wages paid for building construction recorded in wages account is a …………… error.

True/False.

Question. Accounting entries are NOT recorded as per the GAAP.

Question. Transactions completely omitted from recording in the books of accounts cannot be detected from a trial balance.

Question. Preparation of Trial Balance is compulsory.

Question. Errors of omission can be of two types.

Question. Errors are committed in two or more accounts, such errors are also known as one sided errors. 

Question. Mr. Sun is businessman deals in furniture, purchase of furniture debited to furniture a/c. It is errors of principle.

Question. Wages paid for installation of machinery, debited to wages a/c. It is an example of error of omission.

Question. When two or more errors are committed in such a way that net effect of these errors on the debits and credits of account is NIL, such errors are called compensatory errors.

Question. Remuneration paid Rs20,000 was debited to employee’s personal account. Rectification entry of above problem is: Remuneration/Salary A/c Dr. To Employee’s personal A/c

Question. Dividend received on non-trade investment Rs.500, credited to Investment A/c.

Question. Following balances are provided:
Bank A/c Rs. 1,00,000;Cash in Hand Rs.60,000;Capital Rs.2,00,000; Furniture Rs. 1,00,000; Stock Rs. 50,000. The accountant has forgotten to put the balance ofLoan A/c. The amount of Loan A/c will be Rs.1,50,000.

Question. If a mistake is committed in carrying forward a total of page no.14 to the page no.15 in sales book. The type of error is “Error of commission”.

Question. Error may be rectified after preparing final accounts.

Question. An amount of Rs.15,000 withdrawn by the proprietor for his paying income tax debited to the Trade Expenses Account. The rectification entry is :
Drawings A/c Dr. 15,000
To Trade Expenses A/c 15,000

Question. 1% brokerage paid on purchase of 1,000 shares @ 100 each of TATA Company. Investment a/c debited only by Rs.1,00,000 and payment made through Bank a/c recorded correctly. Is investment debited correctly?

Question. Discount allowed to Sardar doon & co. Rs.36 has not been entered in the discount column of the cash book. The account of Sardar doon & co. has however, been correctly posted. The discount account should not be debited by the entry, “To omission of entry in the cash book Rs.72.

Question. An amount of Rs.2000 due from Mr. Dark, which had been written off as a bad debts in a previous year, was unexpectedly recovered, and had been posted to the personal account. The rectification entry is “Mr. Dark A/c debited and credited to bad debt recovered a/c. 

Question. Amount spent on additions to the buildings should be treated as capital expenditure.

Match The Following

Question.

1.The statement that is prepared with the debit and credit balances of ledger accounts is	a. Journal
2. The book of original entry is	b. Trial balance

Question.

1. Scanning the Trial balance helps us to know	a. Assets
2. The amount owed to the creditor is	b.Liabilities
	c. Expense /incomes
	d. all.of the above

Question.

1.All the account showing debit balances in the ledger account are put on	a. Debit side of the trial balance
2. all the account showing credit balances in the ledger account are put on	b. Credit side of the trial balance

Question.

1. When wrong amount is entered in the journal or subsidiary book it is called error of	a. Omission
2. Trial balance could be affected by which type of error	b. Principle
	C. Commission
	d. all of the above

Question.

1. The accounts which will indicate the debit balance in trial balance are	a. Capital A/c
2. The accounts which will indicate the credit balance in trial balance are	b. Salary A/c
	c. Bad debts recovered A/c
	d. Sale return A/c

Question.

1.The account which will indicate the credit balance in the trial balance	a. Capital account
2. If the rent of this month is not paid then which account would be credited	b. Rent outstanding account
	c. Bank loan
	d. All of the above

Question.

1. 1.If both sides of trial balance does not get match then which account is open in order to reconcile the balances	a. Suspense account
2. If the full amount of claim is not received from insurance company which account is debited.	b. Profit and loss account

Question.

1.The accounts which are not considered while preparing the trial balance by balance method	a. Accounts which show debit balance
2. If both the sides of account show an equal balance it is	b. Accounts which show credit balance
	c. Accounts which shows no balance

Question.

1. The arithmetical accuracy of the ledger accounts , preparation of final accounts as well as locating the errors can be done with the help of	a. Trial balance
2. If we want to know the closing balance of accounts what is required to be prepared	b. Journal
	c. Ledger
	d. None of the above

Question.

1. Purchase of goods from Ravi for Rs 5,000 on credit entered in the purchase book as Rs500 is error of	a. Compensating errors
2. wages paid for installation of machinery debited to wages account is	b. Error of principle
	c. Error of commission

Question.

1. salary of Rs2100 was posted as Rs 2,000 in salary account and advertisement of Rs.7,700 was posted as Rs 7,800 .identify the type of error	a. Error of principle
2. if the effect of one error is neutralized by the effect of some other error it is	b. Compensating error
	c. Error of commission

Question.

1.purchase of furniture is debited to purchase account instead of furniture account is due to which type of error	a. Error of omission
2. the error committed by violating the rules of accounting	b. Error of commission
	c. Error of principle