Trial Balance and Rectification of Errors MCQ Class 11 Accountancy Chapter 6

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MCQ Questions for Class 11 Accountancy with Answers: Financial Accounting

Q1. Which of the following is not an error of commission?

(i) Overcasting of sales book.
(ii) Credit sales to Ramesh Rs. 5,000 credited to his account.
(iii) Wrong balancing of machinery account.
(iv) Cash sales not recorded in cash book.

(iv) Cash sales not recorded in cash book.

Q2. Goods lost by fire should be credited to:

(i) Trading A/c
(ii) Loss by Fire A/c
(iii) Sales A/c
(iv) Profit & Loss A/c

(i) Trading A/c

Q3. Sales of Rs.10,000 recorded as Rs. 1,000 is an example of:

(i) Compensating Error
(ii) Errors of principle
(iii) Errors of omission
(iv) Errors of commission

(i) Compensating Error

Q4. How many methods are there for preparing Trial Balance –

(i) One
(ii) Three
(iii) Four
(iv) None of these.

(iii) Four

Q5. If the trial balance agrees, it implies that:

(i) there is no error in the books.
(ii) there may be two sided errors in the book.
(iii) there may be one sided error in the books.
(iv) there may be both two sided and one sided errors in the books.

(ii) there may be two sided error in the books.

Q6. Trial Balance might match in spite of presence of:

(i) Errors of complete omission, Errors of principle
(ii) Errors of complete omission
(iii) Errors of commission
(iv) Errors of principle

(i) Errors of complete omission, Errors of principle

Q7. Rectification entries are passed in –

(i) Journal Proper
(ii) Purchase Book
(iii) Sales Book
(iv) None of the options

(i) Journal Proper

Q8. Which of the following is prepared on the basis of Trial Balance –

(i) Journal
(ii) Ledger
(iii) Final Accounts
(iv) None of these.

(iii) Final Accounts

Q9. If wages paid for installation of new machinery is debited to wages account, it is

(i) an error or commission.
(ii) an error of principle
(iii) a compensating error.
(iv) an error of omission.

(ii) an error of principle.

Q10. A Suspense Account will give the

(i) Debit or Credit balance
(ii) Debit balance
(iii) Credit balance
(iv) None of the options

(i) Debit or Credit balance

Q11. A Trial Balance is prepared to

(i) Ensure Arithmetical accuracy
(ii) Locate Errors of Principle
(iii) Locate Errors of omission
(iv) Locate Errors of commission

(i) Ensure Arithmetical accuracy

Q12. The error which can be disclosed by Trial balance-

(i) Error of ommission
(ii) Error of principal
(iii) Compensatory error
(iv) None of these.

(iv) None of these

Q13. Trial balance is:

(i) an account.
(ii) a statement.
(iii) a subsidiary book.
(iv) a principal book.

(ii) a statement.

Q14. A Trial Balance shows

(i) only credit balance.
(ii) only debit balance.
(iii) both debit and credit balances.
(iv) either debit or credit balance.

(iii) both debit and credit balances.

Q15. Goods worth Rs.100 given as charity should be credited to –

(i) Purchase Account
(ii) Sales Account
(iii) Charity Account
(iv) None of the options

(i) Purchase Account

Q16. Errors Committed by omitting entries in the Journal book is called –

(i) Error of commission
(ii) Error of principle
(iii) Error of omission
(iv) None of these.

(iii) Error of omission

Q17. Which of the following errors will be rectified through suspense account?

(i) Sales return book undercast by Rs. 1,000.
(ii) Sales return by Madhu Rs. 1,000 not recorded.
(iii) Sales return by Madhu Rs. 1,000 recorded as Rs. 100.
(iv) Sales return by Madhu Rs. 1,000 recorded through purchases return book

(i) Sales return book undercast by Rs. 1,000.

Q18. Errors of complete omission permit

(i) Correct totalling of Trial Balance
(ii) Correct totalling of B/S
(iii) The Trial balance to agree
(iv) All the above

(iv) All the above

Q19. Rs. 2,000 paid as wages for erecting a machine should be debited to –

(i) Machinery Account
(ii) Wages Account
(iii) Capital Account
(iv) None of the options

(i) Machinery Account

Q20. If the trial balance does not tally after many efforts then following Account is opened –

(i) Purchase account
(ii) Suspense account
(iii) Sales account
(iv) None of these.

(ii) Suspense account

Q21. Preparation of a Trial Balance is

(i) compulsory.
(ii) optional.
(iii) compulsory or optional.
(iv) None of these.

(ii) optional.

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Trial Balance and Rectification of Errors MCQ Questions for Class 11 Accountancy Chapter 6 with Answers