CBSE Questions for Class 11 Commerce Accountancy Trial Balance And Rectification Of Errors Quiz 10 - MCQExams.com

A new accountant did credit Rs 500 instead of Rs 50,It is an error of ___________.
  • error of commission
  • error of complete omission
  • error principle
  • error of duplication
It is irrelevant to check below mentioned to trace the error in trial balance:
  • Check the total of debit and credit column
  • Totals of subsidiary books
  • No mistakes in the balancing of various accounts
  • None of the above
Commission is paid for purchase of a land. It will be ___________.
  • disclosed in trial balance
  • not disclosed in trial balance
  • will be disclosed in profit and loss account
  • will be disclosed in balance sheet
Pending the location of errors in the books of accounts that affect the agreement of the Trial Balance, the difference disclosed is normally posted to ______________
  • Adjustment Account.
  • Holding Account.
  • Control Account.
  • Suspense Account.
Office was renovated and renovation charges wereThey were put in purchase book account. It is ___________.
  • error of complete omission
  • error of principle
  • error of commission
  • all of the above
One sided errors are:
  • Errors affecting purchase account only
  • Errors affecting only accounts
  • Errors affecting any one account
  • Errors affecting only balance sheet
If there is a non agreement of trial balance the possible reasons could be__________________.
  • Complete omission of the posting
  • Due to transposition of the posting
  • There has been a wrong posting either on debit side or credit side
  • All of the above
It is a check on the accuracy of posting. If the trial balance agrees it proves that - 
The books are arithmetically accurate 
Both the aspects of the transactions have correctly recorded in the books of original entry as well as in the ledger. 
The correct answer is ___________________.
  • $$1$$ but not $$2$$
  • $$2$$ but not $$1$$
  • Both $$1$$ & $$2$$
  • Either $$1$$ or $$2$$
Bank overdraft is shown on the _____side of trial balance. 
  • Credit
  • Debit
  • None
  • Both
An entry for the goods sold to Madhav for Rs.1,020 was posted to his accounts as Rs. 1,If rectification is done before preparation of trial balance then which of the following is correct?
  • Suspense A/c Dr. 180

    To Madhav A/c 180
  • Profit & Loss Adj. A/c Dr. 180

    To Madhav A/c 180
  • Credit Madhav with Rs. 180 saying "By Excess debit for sales Rs. 180"
  • Debit madhav with Rs. 180 saying " To Excess debit for sales Rs. 180".
A _______ is a schedule or list of balances of both debit and credit extracted from various accounts. 
  • Profit & Loss Account
  • Balance Sheet
  • Cash Flow Statement
  • Trial Balance
Which of the following statements is correct about trial balance?
  • A Trial balance is a list of all entries made in the books of account
  • A Trial balance is a list of balances in all assets accounts
  • A Trial balance is another ledger account
  • A Trial balance is a list of balances in the cash account and all ledger accounts.
Which of the following is/are method for preparation of trail balance ? 
  • Balances Method
  • Totals Method
  • Both (A) & (B)
  • None of the above
After the preparation of ledgers, the next step is the preparation of ______________.
  • Trading accounts
  • Trial balance
  • Profit and loss account
  • None of the above
Accounting errors may be in the form of and due to________________.
  • Omitting the transactions to record
  • Recording in wrong books
  • Recording in wrong account or wrong totalling
  • All of the above
_________ are the errors committed by persons responsible for recording and maintaining accounts of a business firm in the course of accounting process. 
  • Marketing error
  • Accounting errors
  • Planning error
  • All of the above
________ arises due to some positive act of commission on the part of the person responsible for the maintenance of the books of account.
  • Errors of principle
  • Complete omissions
  • Compensating errors
  • Errors of commission
An agreement of the trial balance does not prove that _____________.
  • All transactions have been correctly analyzed and recorded in the proper accounts
  • All transactions have been recorded in the books of original entry
  • Both (A) & (B)
  • None of above
Wages paid for installation of machinery debited to wages account. This is _______________.
  • Errors of commission
  • Errors of partial omission
  • Errors of principle
  • Not a error at all
Compensating errors do not affect the agreement of - 
  • Trial balance
  • Cash flow statement
  • Fund flow statement
  • None of the above
A mistake in the casting of subsidiary books is -
  • Errors of commission
  • Errors of principle
  • Compensating errors
  • Errors of omission
Mistake in transferring the balance of an account to the trial balance or omitting to write ,the balance of an account in the trial balance is ________.
  • Errors of principle
  • Errors-of-commission
  • Errors of omission
  • Compensating errors
When any particular transaction has not at all been entered in the journal or in the book of original entry, it cannot be posted into the ledger at all, such error are known as________________.
  • Errors of partial omission
  • Errors of complete omission
  • Errors of principle
  • Compensating errors
Making an entry on the wrong side is_______________.
  • Errors of principle
  • Compensating errors
  • Errors of omission
  • Errors of commission
Mistake in balancing an account is______________.
  • Errors of principle
  • Errors of commission
  • Errors of omission
  • Complete omission
If accountant does not post the journal entry in journal, it will be classified as -
  • Errors of principle
  • Errors of commission
  • Compensating errors
  • Errors of complete omission
Which of the following errors will affect the trial balance? 
  • Repairs to building wrongly debited to Building A/c
  • Total of Purchase Journal by 1,000 short
  • Freight paid on new machinery debited to Freight A/c
  • None of the above
Which of the following errors is an error of omission? 
  • Sale was written in the purchases journal.
  • Wages paid to Mohan have been debited to his account.
  • The total of the sales journal has not been Account.
  • None of the above
Which of the following errors will not affect the agreement of trial balance?
  • Recording wrong amount in subsidiary book and in account of customer or creditor
  • Errors of duplication
  • Errors of complete omission
  • All of the above
Clerical errors are further classified into_____________.
  • Errors of omission
  • Errors of commission
  • Compensating errors
  • Any of the above
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Practice Class 11 Commerce Accountancy Quiz Questions and Answers