Class 11 Accountancy Chapter 6 Trial Balance and Rectification of Errors MCQ Question With Answers

Trial Balance and Rectification of Errors Class 11 MCQ is one of the best strategies to prepare for the CBSE Class 11 Board exam. If you want to complete a grasp concept or work on one’s score, there is no method except constant practice. Students can improve their speed and accuracy by doing more MCQs on Trial Balance and Rectification of Errors Class 11, which will help them all through their board tests.

Trial Balance and Rectification of Errors Class 11 MCQ Questions with Answer

Class 11 Accountancy MCQ with answers are given here to Chapter 6 Trial Balance and Rectification of Errors. These MCQs are based on the latest CBSE board syllabus and relate to the latest Class 11 Accountancy syllabus. By Solving these Class 11 MCQs, you will be able to analyze all of the concepts quickly in the chapter and get ready for the Class 11 Annual exam.

Learn Class 11 Trial Balance and Rectification of Errors MCQs with answers pdf free download according to the latest CBSE and NCERT syllabus. Students should prepare for the examination by solving CBSE Class 11 Accountancy Trial Balance and Rectification of Errors MCQ with answers given below

Question 1. Goods worth RS 24000 were returned by X. the accountant however, credited the sales returns account by Rs 42,000. In order to rectify this error, what should be done?
a) Debit the sales return account by Rs 42,000.
b) Credit the sales return account by Rs 24,000
c) Debit the sales return account by Rs 66,000
d) Debit the sales return account by Rs 18,000 

Question 2. Carriage inwards, carriage outwards, return inwards and return outwards.
a) All above items depict debit balances
b) All above items depict credit balances
c) One debit and three credit
d) One credit and three debit

Question 3. If a purchase return of Rs 2000 has been wrongly posted to the debit of the sales returns account, but has been correctly entered in the suppliers account the total to the:
a) Trial balance would show the debit side to be Rs 2000 more than the credit
b) Trial balance would show the credit side to be Rs 2000 more than the debit
c) Debit side of the Trial balance will be Rs 4000 more than the credit side
d) Credit side of the trial balance will be Rs 4000 more than the debit side 

Question 4. Trial balance checks the ____________.
a) Principle errors
b) Compensating errors
c) Arithmetical accuracy
d) None of them

Question 5. The amount of the dishonoured bill has been wrongly debited to the general expenses account. Which type of error has been committed?
a) Error of principle
b) Compensating error
c) Error of complete omission
d) All of these 

Question 6. The reason for agreement of a trial balance is _________.
a) Transactions have dual aspect
b) Transactions have single aspect
c) Because of suspense account
d) None of them

Question 7. Error of principle is
a) Credit purchase of machinery is recorded in purchase book
b) Credit purchase of machinery is recorded in journal proper
c) Credit purchase of goods recorded in purchase book
d) None of the above

Question 8. After providing the trial balance the accountant finds that the total of debit side is short by Rs 2,500. This difference will be
a) Credited to suspense account
b) Debited to suspense account
c) Adjusted to any of the debit balance accounts
d) Adjusted to any of the credit balance accounts 

Question 9. Trial balance is _________
a) An account
b) A statement
c) A balance sheet
d) None of them

Question 10. If a trial balance doesn’t agree, then which account is opened in order to reconcile the trial balance?
a) Profit and loss account
b) Suspense account
c) Goodwill account
d) Capital reserve

Question 11. Trial balance is the link between ________ and _______.
a) Journal and ledger
b) Ledger and subsidiary books
c) Ledger and final accounts
d) None of them

Question 12. 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

Question 13. While calculating cost of goods sold _____________should be added.
a) Wages
b) Salaries
c) Carriage outwards
d) None of them

Question 14. Interest on drawings indicates ___________balance in trial balance.
q) Debit
b) Credit
c) Both
d) None of them

Question 15. Rs 1500 received from Bahadur, whose account was previously written off as bad debt should be credited to
a) Bahadur’s A/c
b) Bad Debts Recovered A/c
c) Suspense A/c
d) Cash A/c 

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Question 16. 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

Question 17. Closing stock is not accounted in the trial balance because_______
a) It has not been brought into account
b) It has been brought into account
c) None of them

Question 18. Rs.2,000 received as commission correctly entered in the cash book is not posted to commission account. The ______side of trial balance will _______.
a) Debit, exceed
b) Credit, exceed
c) Debit, decrease
d) Credit, decrease

Question 19. Purchase of office furniture for Rs 20,000 has been debited to Purchase A/c it is:
a) An error of omission
b) An error of commission
c) Compensating Error
d) An error of Principle 

Question 20. 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

Question 21. Balancing of Trial balance ensures the accuracy of books of accounts.
a) Yes
b) No
c) None of them

Question 22. Omission of an account from the trial balance ________ the trial balance.
a) Will affect
b) Will not affect
c) none of them

Question 23. Outstanding interest Rs.1,000; prepaid rent Rs. 1,000 ; debtors Rs.2,000; creditors Rs.2,000 ; building Rs.20,000. The amount of capital is ___________.
a) 30,000
b) 10,000
c) 20,000
d) 15,000

 Question 24. Sale of typewriter that has been used in the office credited to sales account , which account is to be credited:
a) Sales A/c
b) Cash A/c
c) Capital A/c
d) Typewriter a/c

Question 25. Errors of carry forward from one year to another year affected
a) Personal Account
b) Real Account
c) Nominal Account
d) Both Personal &Real A/c 

Question 26. A dealer dealing in furniture business purchased furniture, recorded in furniture account.
a) There is an error in the above transaction, but trial balance will agree.
b) There is not any error in the above transaction, trial balance will not agree.
c) There is an error and trial balance will not agree.

Question 27. Rent paid for Rs. 5,000 was posted as 5,200 and carriage outwards paid for Rs.8,000 was posted as 7,800. Identify the type of error.
a) Error of commission
b) Error of omission
c) Compensating errors
d) Error of principle

Question 28. 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.

Question 29. Wrong totaling of account is
a) Error of Principle
b) Error of omission
c) Error of Commission
d) Compensating Error 

Question 30. 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 

Question 31. 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 

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