MCQ Questions for Class 11 Accountancy Chapter 6 Trial Balance and Rectification of Errors with Answers

Check the below NCERT MCQ Questions for Class 11 Accountancy Chapter 6 Trial Balance and Rectification of Errors with Answers Pdf free download. MCQ Questions for Class 11 Accountancy with Answers were prepared based on the latest exam pattern. We have provided Trial Balance and Rectification of Errors Class 11 Accountancy MCQs Questions with Answers to help students understand the concept very well.

Q1. Sales of Rs.10,000 recorded as Rs. 1,000 is an example of:

(a) Compensating Error
(b) Errors of principle
(c) Errors of omission
(d) Errors of commission

(a) Compensating Error

Q2. Trial Balance might match in spite of presence of:

(a) Errors of complete omission, Errors of principle
(b) Errors of complete omission
(c) Errors of commission
(d) Errors of principle

(a) Errors of complete omission, Errors of principle

Q3. Compensating errors are of a …………… nature.

(a) Neutralizing
(b) Consistent
(c) Concealing
(d) Accommodating

(a) Neutralizing

Q4. Rectification entries are passed in –

(a) Journal Proper
(b) Purchase Book
(c) Sales Book
(d) None of the options

(a) Journal Proper

Q5. Under casting of Sales book is corrected by ……………. Sales Account

(a) Crediting
(b) Debiting
(c) Balancing
(d) Ignoring

(a) Crediting

Q6. A Suspense Account will give the

(a) Debit or Credit balance
(b) Debit balance
(c) Credit balance
(d) None of the options

(a) Debit or Credit balance

Q7. Purchase of office furniture worth Rs. 5,000 has been debited to General expenses account. Identify the error.

(a) Error of Principle
(b) Clerical error
(c) Error of omission
(d) None of the options

(a) Error of Principle

Q8. Rs. 2000 received from Smith whose account was previously written off as bad debt should be credited to –

(a) Bad debts recovered Account
(b) Smiths Account
(c) Cash Account
(d) None of the options

(a) Bad debts recovered Account

Q9. A Trial Balance is prepared to

(a) Ensure Arithmetical accuracy
(b) Locate Errors of Principle
(c) Locate Errors of omission
(d) Locate Errors of commission

(a) Ensure Arithmetical accuracy

Q10. Which of the following is prepared on the basis of Trial Balance –

(a) Journal
(b) Ledger
(c) Final Accounts
(d) None of these.

(c) Final Accounts

Q11. 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.

(a) Suspense Account

Q12. The error which can be disclosed by Trial balance-

(a) Error of ommission
(b) Error of principal
(c) Compensatory error
(d) None of these

(d) None of these

Q13. Errors are rectified in this book-

(a) Ledger book
(b) Journal proper
(c) Trial balance
(d) None of these

(b) Journal proper

Q14. 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

(c) Error of omission

Q15. 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

(b) Suspense account

Q16. 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

(a) Sales return book undercast by Rs. 1,000

Q17. 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

(b) there may be two sided errors in the book

Q18. 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

(a) there are some one sided errors only in the books yet to be located

Q19. 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

(b) an error of principle

Q20. Trial balance is:

(a) an account
(b) a statement
(c) a subsidiary book
(d) a principal book

(b) a statement

MCQ Questions for Class 11 Accountancy: Financial Accounting

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