CBSE Class 11 Accountancy Rectification Of Errors MCQs Set B

Question: Which item shows a debit balance in the Trial Balance?
a) Purchase Return
b) Salary outstanding
c) Sales
d) Prepaid Expense
Answer: d

Question: Errors are
a) Undetected mistakes
b) Intentional Mistakes
c) Frauds
d) Unintentional Mistakes
Answer: d

Question: Rs. 10,000 received from Apoorva is credited in the account of Prachi. It is an error of
a) Principle
b) Omission
c) Commission
d) Compensatory
Answer: c

Question: Account which is opened to put the different in the trial balance by some name so that trial balance can be tallied.
a) Personal A/C
b) Real A/C
c) Suspense A/C
d) None of the options
Answer: c

Question: One sided Errors are Located before which account.
a) Closing Account
b) Opening Account
c) Both
d) None of the options
Answer: a

Question: Trial Balance is prepared to locate
a) Errors of Principle
b) Errors of omission
c) Compensating Errors
d) None of the options
Answer: d

Question: Errors of omission permit
a) correct totalling of the Balance Sheet
b) correct totalling of the Trial Balance
c) the Trial Balance to match
d) None of the options
Answer: c

Question: Which item is shown as debit balance in the Trial Balance
a) Cash in Hand
b) Rent Outstanding
c) Creditors
d) Bank Overdraft
Answer: a

Question: Rs 550 enter as 500 which type of error
a) Omission
b) Commission
c) Principle
d) Compensating
Answer: b

Question: Charity expense is credit to sales
a) Charity Dr to sales
b) Charity Cr sales Cr
c) Charity Dr sales Dr
d) Charity Cr sales Dr
Answer: d

Question: Which of the following error will be rectified through suspense account
a) Purchase return to Vishal Rs.1000 not recorded
b) Purchase return to Vishal Rs.1000 recorded through Sales return book
c) Purchase return book under cast by 1000
d) Purchase return to Vishal Rs.1000 recorded as Rs.100
Answer: c

Question: Which of the following is not an error of commission
a) Wrong balancing of machinery account
b) Credit sales to Pawan Rs.5000 credited to his account
c) Cash sales not recorded in cash book
d) Overcasting of sales book
Answer: c

Question: Sale of typewriter that has been used in the office should be credited to:
a) Sales A/c
b) Cash A/c
c) Capital A/c
d) Typewriter A/c
Answer: d

Question: A Trial Balance is
a) a statement
b) a summary
c) an account
d) None of the options
Answer: a

Question: Which of the following error would be disclosed by the Trial Balance
a) Selling expenses have debited to Sale account
b) Credit sales of Rs.2500 entered in both the account Rs.250
c) Cheque Rs.5000 from Ram entered in Shyam account
d) A purchase of Rs.3500 was omitted entirely from the books
Answer: c

Question: Rs.4,200 paid for conveyancing has been written off instead of capitalizing. This is an error of
a) Commission
b) Principle
c) Compensating
d) Omission
Answer: b

Question: A machine is purchased for Rs. 10,000 which was wrongly recorded in purchase account. Due to this error……..
a) Trial balance will show difference of Rs. 10,000
b) Trial balance will not show any difference
c) Trial balance will show the difference of Rs.20,000
d) Trial balance will show a difference of Rs.5,000
Answer: b

Question: Purchase of office furniture for Rs. 1,200 was debited to the General Expenses Account. It is
a) a clerical error
b) an error of principle
c) an error of omission
d) None of the options
Answer: b

Question: Which of the following errors will not affect the trial balance:
a) Wrong balancing of an account
b) Wrong totalling of an account
c) Omission of an account from the trial balance
d) Writing an amount in the wrong account but on the correct side
Answer: d

Question: Trial balance is prepared to check
a) The arithmetical accuracy of books
b) The honesty of the management
c) Accuracy of the book-keeper
d) Financial position
Answer: a

Question: Sale of office furniture is credited to
a) Sales Account
b) Office Furniture Account
c) Cash Account
d) None of the options
Answer: b

Question: Purchased goods from Gopal for Rs.3,600 but was recorded as Rs.6,300 to the debit of Gopal. In the rectifying entry, Gopal’s A/c will be credited with:
a) 9,900
b) 2,700
c) 3,600
d) 6,300
Answer: a

Question: Suspense Account is opened when:
a) Balance Sheet does not match
b) Trial Balance does not match
c) Total of Sales Account does not agree
d) None of the options
Answer: b

Question: Rectification of which of these errors will require opening of suspense A/c
a) Purchase of office equipment Rs. 5,000 entered in purchase day book
b) Rs. 4,900 paid to Shyam entered in Shivam A/c
c) Total of sales day book over cast by Rs. 5,000
d) Rs. 1,000 incurred on freight and insurance of office furniture accounted forth freight and insurance A/c
Answer: c

Question: Rectification of which of these errors will affect profit and loss A/c
a) Purchase of office equipment Rs. 6,000 entered in purchase day book
b) Rs. 501 received from Sudhir posted to Randhir A/c
c) Total of cash book under cast by Rs. 50
d) Rs. 1,200 incurred on freight and insurance of raw material accounted for in salary and wages A/c
Answer: d

Question: Credit balance in which of these a/c indicate error in the A/c
a) Cash in hand A/c
b) Sales A/c
c) Capital A/c
d) Bank A/c
Answer: a

Question: What is an Error of Commission?
a) When the effect of errors committed cancel out each other
b) When the transaction recorded is in contravention with the general accounting policies
c) When the amount is written on the wrong side or posted in the wrong account or casting errors etc.
d) When a transaction is partially or completely omitted
Answer: c

Question: Which of the following errors will not affect the trial balance?
a) Wrong balancing of an account
b) Writing an amount in the wrong account but on the correct side
c) Wrong totalling of an account
d) Writing wrong account balance in the trial balance
Answer: b

Question: Purchase of office computer was recorded in the purchase day book on rectification
a) Cr Purchase A/c
b) Dr. Office Computer A/c
c) Both Cr Purchase A/c and Dr. Office Computer A/c
d) None of the options
Answer: c

Question: Which of these are added to get balance as per pass book if we start with balance as per cash book
a) Cheque deposited with the bank
b) Cheque issued but not presented for payment
c) Intrest charged by bank on overdrafts
d) Direct payment made by the bank as per standing instructions
Answer: b

Question: While auditing the A/c for the year 08-09 and 07-08, it was noticed that sales for the year 07-08 was understand by Rs.11,000. While rectification of this mistake in 08-09, which A/c will be credited.....
a) Profit and loss adjustment A/c
b) Profit and loss appropriation A/c
c) Sales A/c
d) Suspense A/c
Answer: a

Question: Which types of errors will effect net profit?
a) Affecting nominal accounts
b) Affecting personal accounts
c) Affecting real accounts
d) None of the options
Answer: a

Question: Debit balance in which of these a/c indicate error in the A/c ___________.
a) Cash in hand A/c
b) Sales A/c
c) Drawing A/c
d) Bank A/c
Answer: b

Question: Which types of errors will effect net profit
a) Affecting nominal accounts
b) Affecting personal accounts
c) Affecting real accounts
d) None of the options
Answer: a

Question: An agreement of the trial balance does not prove that __________________.
a) all transactions have been correctly analyzed and recorded in the proper accounts
b) all transactions have been recorded in the books of original entry
c) both all transactions have been correctly analyzed and recorded in the proper accounts & all transactions have been recorded in the books of original entry
d) None of the options
Answer: c

Question: Balance appearing on the credit side of the trial balance is _________.
a) a gain
b) a revenue
c) a liability
d) all of the options
Answer: d

Question: Repairs to Machinery had been charged to Machinery A/c.
a) Errors of Omission
b) Errors of Commission
c) Errors of Principle
d) None of the options
Answer: c

Question: Which of the following statement is false?
a) All rectification entries are passed through Journal Proper
b) A suspense account is created when the total of a trial balance do not agree
c) The trial balance is a prima facie evidence of the accuracy of the book-keeping
d) Trial balance can agree despite errors
Answer: c

Question: Which of the following is the objective of trial balance?
a) To ascertain the geometrical accuracy of the ledger accounts.
b) To help in locating errors.
c) To help in the preparation of the accounting report.
d) None of the options
Answer: a

Question: _________ are the errors committed by persons responsible for recording and maintaining accounts of a business firm in the course of accounting process.
a) Marketing error
b) Accounting errors
c) Planning error
d) All of the options
Answer: b