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

CBSE Class 11 Trial Balance and Rectification of Errors Multiple Choice Questions with Answers. MCQ Questions Class 11 Trial Balance and Rectification of Errors with Answers Is Prepared Based on Latest Exam Pattern. Students can solve NCERT MCQ questions Class 11 Trial Balance and Rectification of Errors with Answers to know their preparation level.

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MCQ Questions Class 11 Trial Balance and Rectification of Errors with Answers - Set - 4

Question 1:

Which of the following is prepared on the basis of Trial Balance –
(a) Journal
(b) Ledger
(c) Final Accounts
(d) None of these.

Check Answer

Correct Answer – (C)

Question 2:

What kind of accuracy is tested by Trial balance-
(a) Theoretical
(b) Practical
(c) Arithmetical
(d) None of these.

Check Answer

Correct Answer – (C)

Question 3:

Errors committed due to lack of basic principle of Accounting are called –
(a) Compensating errors
(b) Error of principle
(c) Single sided error
(d) None of these.

Check Answer

Correct Answer – (B)

Question 4:

The error which can be disclosed by Trial balance-
(a) Error of omission
(b) Error of principal
(c) Compensatory error
(d) None of these.

Check Answer

Correct Answer – (D)

Question 5:

Suspense Account is a
(a) Real Account
(b) Personal Account
(c) Nominal Account
(d) Any of these

Check Answer

Correct Answer – (D)

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

Question 6:

Errors Committed by omitting entries in the Journal book is called –
(a) Error of commission
(b) Error of principle
(c) Error of omission
(d) None of these.

Check Answer

Correct Answer – (C)

Question 7:

Which of the following is not an error of commission :
(a) A sale of Rs.560 not recorded in Books at all.
(b) Rent paid to landlord was posted to Landlord’s Account
(c) A purchase of Rs.840 was wrongly posted to sales Account.
(d) Instead of credited Shyam credited the other creditor Sham.

Check Answer

Correct Answer – (A)

Question 8:

Preparation of a Trial Balance is
(a) compulsory.
(b) optional.
(c) compulsory or optional.
(d) None of these.

Check Answer

Correct Answer – (B)

Question 9:

Wages paid to a worker making additions to machinery amounting to Rs. 5,000 were debited to the Wages account. Identify the type of error.
(a) Error of principle
(b) Compensating error
(c) Error of omission
(d) Error of commission

Check Answer

Correct Answer – (A)

Question 10:

A brief-case purchased for Rs.800 for the son of a partner was debited to General Exp. A/c with Rs.80. In the rectifying entry, Drawings A/c should be debited with:
(a) 880
(b) 720
(c) 800
(d) 80

Check Answer