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MCQ Questions Class 11 Trial Balance and Rectification of Errors with Answers - Set - 1
Question 1:
What kind of accuracy is tested by Trial balance-
(a) Theoritical
(b) Practical
(c) Arithmetical
(d) None of these
Correct Answer – (C)
Question 2:
Trial balance is:
(a) an account.
(b) a statement.
(c) a subsidiary book.
(d) a principal book.
Correct Answer – (B)
Question 3:
If suspense account does not balance off even after rectification of errors it implies that:
(a) there are some one sided errors only in the books yet to be located.
(b) there are no more errors yet to be located.
(c) there are some two sided errors only yet to be located.
(d) there may be both one sided errors and two sided errors yet to be located.
Correct Answer – (A)
Question 4:
Which of the following errors will be rectified through suspense account?
(a) Sales return book undercast by Rs. 1,000.
(b) Sales return by Madhu Rs. 1,000 not recorded.
(c) Sales return by Madhu Rs. 1,000 recorded as Rs. 100.
(d) Sales return by Madhu Rs. 1,000 recorded through purchases return book
Correct Answer – (A)
Question 5:
Which of the following is not an error of principle?
(a) Purchase of furniture debited to purchases account.
(b) Repairs on the overhauling of second hand machinery purchased debited to repairs account.
(c) Cash received from Manoj posted to Saroj.
(d) Sale of old car credited to sales account.
Correct Answer – (C)
MCQ Questions Class 11 Trial Balance and Rectification of Errors With Answers
Question 6:
A trial balance is prepared:
(a) after preparation financial statement.
(b) after recording transactions in subsidiary books.
(c) after posting to ledger is complete.
(d) after posting to ledger is complete and accounts have been balanced.
Correct Answer – (D)
Question 7:
If wages paid for installation of new machinery is debited to wages account, it is
(a) an error or commission.
(b) an error of principle
(c) a compensating error.
(d) an error of omission.
Correct Answer – (B)
Question 8:
If the trial balance agrees, it implies that:
(a) there is no error in the books.
(b) there may be two sided errors in the book.
(c) there may be one sided error in the books.
(d) there may be both two sided and one sided errors in the books.
Correct Answer – (B)
Question 9:
Which of the following is not an error of commission?
(a) Overcasting of sales book.
(b) Credit sales to Ramesh Rs. 5,000 credited to his account.
(c) Wrong balancing of machinery account.
(d) Cash sales not recorded in cash book
Correct Answer – (D)
Question 10:
Agreement of trial balance is affected by
(a) one sided errors only
(b) two sided errors only
(c) both (a) and (b)
(d) none of the above
