Please refer to Trial Balance and Rectification of Errors HOTs Class 11 Accountancy provided below with Trial Balance and Rectification of Errors. All HOTs for Class 11 Accountancy with answers provided below have been designed as per the latest syllabus and examination petter issued by CBSE, NCERT, KVS. Students of Standard 11 Accountancy should learn the solved HOTS for Class 11 Accountancy provided below to gain better marks in examinations.
Trial Balance and Rectification of Errors Class 11 Accountancy HOTs
Question. Explain two objectives of preparing a trial balance
Answer : The two objectives of preparing a trial balance
• To determine the financial accuracy of the ledger accounts
• To help in finding an error
Question. In Trial balance which item is showed as a debit balance
1.Purchase Return
2. Outstanding Salary
3. Sales
4. Prepaid Expenses
Answer : Prepaid Expenses
Question. The trial balance is not affected by which errors?
1. Wrong balancing of an account
2. Wrong totaling of an account
3. The omission of an account from the trial balance
4. Writing of an amount in the wrong account but correct side
Answer : Writing of an amount in the wrong account but correct side
Question. State the error of principle from the following options. 1. The purchased book was overcast by ₹500 2. Credit sale to Arun ₹700 recorded as a purchase from Arun 3. Good returned to Chetna ₹4,000 posted in Chiru A/c 4. For installation of machinery, wages were paid to the wages A/c
Answer : For installation of machinery, wages were paid to the wages A/c
Question. State the error of principle from the following options.
1. The purchased book was overcast by ₹500
2. Credit sale to Arun ₹700 recorded as a purchase from Arun 3. Good returned to Chetna ₹4,000 posted in Chiru A/c 4. For installation of machinery, wages were paid to the wages A/c
Answer : For installation of machinery, wages were paid to the wages A/c
Question. While preparing a Trial balance which error cannot be disclosed.
Answer : While preparing a Trial balance which error cannot be disclosed is. • Error of Omission • Error of Commission
Question. Define a compensating error.
Answer : A compensating error can be defined as when one error compensates or neutralizes the other error.