Please refer to Trial Balance and Rectification of Errors MCQ Questions Class 11 Accountancy below. These MCQ questions for Class 11 Accountancy with answers have been designed as per the latest NCERT, CBSE books, and syllabus issued for the current academic year. These objective questions for Trial Balance and Rectification of Errors Class 11 Accountancy will help you to prepare for the exams and get more marks.
Trial Balance and Rectification of Errors MCQ Questions Class 11 Accountancy
Please see solved MCQ Questions for Trial Balance and Rectification of Errors in Class 11 Accountancy. All questions and answers have been prepared by expert faculty of standard 11 based on the latest examination guidelines.
MCQ Questions Class 11 Accountancy Trial Balance and Rectification of Errors
Question. 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.
Question. 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
Question. 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.
Question. Trial balance is:
(a) an account.
(b) a statement.
(c) a subsidiary book.
(d) a principal book.
Fill in the blanks
Question. An item is posted to the wrong side of an account. The error will be of _______ the amount.
Answer : double
Question. If an accounting error has increased the profit, for correction, profit and loss account, will be ___________.
Answer : debited
Question. Undercasting in wages account is rectified by _______ suspense account and wages account.
Answer : crediting, debiting
Question. If the Trial Balance does not ______ it indicates that some ________ have been committed.
Answer : tally, errors
Question. The last step of preparing Trial Balance is to ascertain the _________ of its two amount columns.
Answer : sum