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 - 2
Question 1:
An Asset Account shows a __________ balance.
(a) credit
(b) debit
(c) debit or credit
(d) None of these.
Correct Answer – (B)
Question 2:
Errors committed due to lack of basis principle of Accounting are called –
(a) Compensating errors
(b) Error of principle
(c) Single sided error
(d) None of these.
Correct Answer – (A)
Question 3:
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.
Correct Answer – (C)
Question 4:
The error which can be disclosed by Trial balance-
(a) Error of ommission
(b) Error of principal
(c) Compensatory error
(d) None of these.
Correct Answer – (D)
Question 5:
Which of the following is prepared on the basis of Trial Balance –
(a) Journal
(b) Ledger
(c) Final Accounts
(d) None of these.
Correct Answer – (C)
MCQ Questions Class 11 Trial Balance and Rectification of Errors With Answers
Question 6:
Goods of Rs. 500 given as charity should be credited to
(a) Charity Account.
(b) Sales Account.
(c) Purchases Account.
(d) None of these.
Correct Answer – (C)
Question 7:
If the trial balance does not tally after many efforts then following Account is opened –
(a) Purchase account
(b) Suspense account
(c) Sales account
(d) None of these.
Correct Answer – (B)
Question 8:
Errors are rectified in this book-
(a) Ledger book
(b) Journal proper
(c) Trial balance
(d) None of these.
Correct Answer – (B)
Question 9:
Of the two sides of Trial balance does not tally, which Account is opened –
(a) Suspense Account
(b) Personal Account
(c) Real Account
(d) None of these.
Correct Answer – (A)
Question 10:
How many methods are there for preparing Trial Balance –
(a) One
(b) Three
(c) Four
(d) None of these.
