CBSE Class 11 Accountancy HOTs Trial Balance and Rectification of Errors

CBSE Class 11 Accountancy Chapter 6 Trial Balance and Rectification of Errors Fill In The Blanks

Question. The process of writing the difference of totals on the shorter side of the account is known as – – – –.
Answer. Balancing

Question. The main objective of preparing a trial balance is to verify the – – – – accuracy of accounting entries.
Answer. Arithmetic

Question. A list of balances of all ledger accounts and cash book is called – – – –.
Answer. Trial Balance

Question. When trial balance does not match – – – –A/c is opened.
Answer. Suspense

Question. When an error effect two or more accounts is known as ……………..
Answer. double side error

Question. When an error effect only one account & also incurred difference in trial balance is known as ……………….
Answer. single side or arithmetical error

Question. All the errors can be classified into ………… categories.
Answer. four

Question. Difference in trial balance arise due to ……………… error.
Answer. single side error

Question. Error incurred due to transaction not recorded in journal is ………………error.
Answer. omission error

Question. An amount wrongly recorded in journal is an error of ……………….
Answer. commission

Question. Transaction recorded in journal without using proper rules of accounting is known as …………… error.
Answer. principal

Question. When two or more errors are committed in such a way that the net effect of the errors is nil, such errors are known as …………………. error. 
Answer. compensating

Question. Omission error can be further classified into ……………… category.
Answer. two

Question. It is easy to detect errors than to ……………….
Answer. fraud

CBSE Class 11 Accountancy Chapter 6 Trial Balance and Rectification of Errors True And False

1. A trial balance can be prepared only on a particular date. (False)
2. Transactions completely omitted from recording in the books of accounts cannot be detected from a trial balance. (True)
3. Preparation of Trial Balance is compulsory. (False)
4. A Trial Balance shows either debit or credit balances. (False)
5. On the basis of nature of errors, all the error can be classified into four categories. (True)
6. The errors of omission may be committed at the time of recording the transaction in the books of original entry. (True)
7. Accounting entries are NOT recorded as per the GAAP. (False)
8. When two or more errors are committed in such a way that net effect of these errors on the debits and credits of account is NIL, such errors are called compensatory errors.(True)
9. Errors of omission can be of two types. (True)
10. Errors are committed in two or more accounts, such errors are also known as one sided errors.(False)

CBSE Class 11 Accountancy Chapter 6 Trial Balance and Rectification of Errors MCQs

Question. Wages paid for the construction of building were recorded in wages account. This is ______________
a) Error of omission
b) Error of commission
c) Compensating error
d) Error of principle
Answer. D

Question. Omission of an account from the trial balance ________ the trial balance.
a) Will affect
b) Will not affect
c) none of them
Answer. A

Question. Writing an amount in the wrong account but on the correct side will __________ the trial balance.
a) Will affect
b) Will not affect
c) None of them
Answer. B

Question. The error which is revealed by the trial balance is ______________.
a) Wrong amount posted in the ledger account
b) Wrong amount entered into the books of original entry
c) Complete omission
d) None of them
Answer. A

Question. Balancing of Trial balance ensures the accuracy of books of accounts.
a) Yes
b) No
c) None of them
Answer. B

Question. Errors of Commission do not permit
a) The trial balance to agree
b) Correct total of Balance sheet
c) Correct totaling of Trial Balance
d) None of the above.
Answer. (A)

Question. Error of omission arises when:
a) Any transactions is incorrectly recorded, either wholly or partially
b) Any transaction is left either wholly or partially
c) Any transaction Is recorded in a fundamentally incorrect manner
d) None of these
Answer. (B)

Question. Suspense Account in The Trial balance will be entered in the
a) Manufacturing A/c
b) Trading a/c
c) Profit & Loss A/c
d) Balance Sheet
Answer. (D)

Question. Error of commission arises when
a) Any transaction is recorded in a fundamentally incorrect manner.
b) Any transaction is incorrectly recorded; either wholly or partially
c) Any transaction is omitted to be recorded
d) Wrong rule is applied.
Answer. (B)

Question. Error of principle arises when
a) Any transaction is recorded in a fundamentally incorrect manner
b) Any transaction is left to be recorded either wholly or Partially
c) Any transaction recorded with double amount
d) None of these
Answer. (A)

Question. The preparation of a Trial balance is for:
a) Locating errors of omission
b) Locating errors of principle
c) Locating clerical errors
d) All of the above
Answer. (D)

Question. Wrong totaling of account is
a) Error of Principle
b) Error of omission
c) Error of Commission
d) Compensating Error
Answer. (C)

Question. When wrong account is debited or credited which error it is :
a) Error of Principle
b) Error of omission
c) Error of commission
d) Compensating Error
Answer. (C)

Question. If any rule of accounting is violated, error results in
a) Error of Principle
b) Error of omission
c) Error of commission
d) Error of posting
Answer. (A)

CBSE Class 11 Accountancy Chapter 6 Trial Balance and Rectification of Errors Match The Following

Qiestion.
1. The arithmetical accuracy of the ledger accounts ,          a. Trial balance
preparation of final accounts as well as locating the
errors can be done with the help of
2. If we want to know the closing balance of accounts        b. Journal
what is required to be prepared
                                                                                             c. Ledger
                                                                                             d. None of the above
Answer 1- A 2- c

Qiestion.
1. Purchase of goods from Ravi for Rs 5,000          a. Compensating errors
on credit entered in the purchase book as
Rs500 is error of
2. wages paid for installation of machinery             b. Error of principle
debited to wages account is
                                                                               c. Error of commission
Answer 1-c 2-b

Qiestion.
1. salary of Rs2100 was posted as Rs 2,000 in             a. Error of principle
salary account and advertisement of Rs.7,700  
was posted as Rs 7,800 .identify the type of error
2. if the effect of one error is neutralized by the              b. Compensating error
effect of some other error it is
                                                                                        c. Error of commission
Answer 1-c 2- b

Qiestion.
1.purchase of furniture is debited to          a. Error of omission
purchase account instead of furniture
account is due to which type of error
2. the error committed by                          b. Error of commission
violating the rules of accounting.
                                                                  c. Error of principle
Answer 1-c 2-c

Question. Define trial balance.
Answer : A trial balance is a worksheet record book that reflects the debit and credit balance of all the registered accounts. This worksheet statement is used to prepare the final account report of the company. Trial balance also determines the accuracy of the account. However, it doesn’t ensure that the account is error-free but surely gives mathematical precision.

Question. Select the correct error that is revealed by the Trial balance
1. The wrong amount entered in to book of original entry
2. The wrong amount posted in the ledger account
3. The complete omission of an entry from the book of an original entry
4. None of the above
Answer : The wrong amount posted in the ledger account

Question. Which of the commission is not an error
1. A sale of ₹660 not recorded in a book at all
2. Rent paid to the landlord but not posted to his account
3. A purchase of ₹ 990 was wrongly recorded to sales account
4. Credited Ram instead of crediting Arjun
Answer : A sale of ₹660 not recorded in a book at all

Question. Received ₹20,000 from Anu and credited to Paras account. It is an error of.
1. Principal
2. Omission
3. Commission
4. Compensatory
Answer : Commission

Question. A piece of machinery equipment was purchased for ₹10,000 which was wrongly recorded in purchase account. Due to which error?
1. Trial balance will show a difference of ₹10,000
2. Trial balance will not show any difference
3. Trial balance will show a difference of ₹20,000
4. Trial balance will show a difference of ₹5,000
Answer : Trial balance will not show any difference

Question. State one example of an error of commission
Answer : Purchase of goods for ₹5,000 entered in the purchase book as ₹500.

Question. Give an example of principal error
Answer : When a purchase of furniture is debited to purchase account instead of a furniture account.