Rectification of Errors Book Back Questions

11th Standard

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Accountancy

Time : 00:45:00 Hrs
Total Marks : 30
    5 x 1 = 5
  1. Error of principle arises when

    (a)

    There is complete omission of a transaction

    (b)

    There is partial omission of a transaction

    (c)

    Distinction is not made between capital and revenue items

    (d)

    There are wrong postings and wrong castings

  2. Errors not affecting the agreement of trial balance are

    (a)

    Errors of principle

    (b)

    Errors of overcasting

    (c)

    Errors of undercasting

    (d)

    Errors of partial omission

  3. The difference in trial balance is taken to

    (a)

    The capital account

    (b)

    The trading account

    (c)

    The suspense account

    (d)

    The profit and loss account

  4. Goods returned by Senguttuvan were taken into stock, but no entry was passed in the books. While rectifying this error, which of the following accounts should be debited?

    (a)

    Senguttuvan account

    (b)

    Sales returns account

    (c)

    Returns outward account

    (d)

    Purchases returns account

  5. The total of purchases book was overcast. Which of the following accounts should be debited in the rectifying journal entry?

    (a)

    Purchases account

    (b)

    Suspense account

    (c)

    Creditor account

    (d)

    None of the above

  6. 3 x 2 = 6
  7. The following errors were detected before the preparation of trial balance. Rectify them.
    (a) Sales book is undercast by Rs 100
    (b) Sales book is overcast by Rs 200
    (c) Purchases book is undercast by Rs 300
    (d) Purchases book is overcast by Rs 400

  8. What is meant by error of principle?

  9. What are compensating errors?

  10. 3 x 3 = 9
  11. The following errors were detected before preparation of the trial balance. Rectify them.
    (a) A sum of Rs 5,000 written off as depreciation on buildings has not been posted to depreciation account.
    (b) Payment of wages Rs 2,000 to Venkat was posted twice to wages account.
    (c) An amount of Rs 250 for a credit sale of goods to Nila, although correctly entered in the sales book, has been posted as Rs 200.

  12. The following errors were located at the time of preparation of the trial balance. Rectify them.
    (a) Sale of goods to Akila on credit for Rs 1,520 posted to her account as Rs 1,250.
    (b) Bought goods from Narendran on credit for Rs 5,500, credited to his account as Rs 5,050.
    (c) Purchase of furniture from Ravivarman for Rs 404 on credit were debited to furniture account as Rs 440.
    (d) Purchased machinery for cash Rs 2,000 was not posted to machinery account.
    (e) The total of purchases book Rs 899 was carried forward as Rs 989.

  13. Write a note on error of principle by giving an example

  14. 2 x 5 = 10
  15. Rectify the following journal entries.

      Particulars L.F. Dr. Cr.
    a Purchases A/c Dr 5,000  
      To Cash A/c     5,000
      (Furniture purchased for cash)      
    b Nila A/c Dr 8,000  
      To Cash A/c     8,000
      (Salary paid to Nila)      
    c Kuralamudhu A/c  Dr. 2,000  
      To Cash A/c     2,000
      (Rent paid to Kuralamudhu)      
    d Cash A/c Dr 9,000   
      To Sales A/c     9,000
      (Furniture sold for cash)      
    e Cash A/c  Dr 6,000  
      To Kothaimalar A/c     6,000
      (Goods sold to Kothaimalar for cash)      
  16. A book-keeper finds that the debit column of the trial balance is short by Rs.308 and the difference is put to a suspense account. Subsequently, the following errors were located.
    (a) An entry for sale of goods on credit for Rs 102 to Mekala was posted to her account as Rs.120.
    (b) Rs.100 being the monthly total of discount allowed to customers was credited to discount received account in the ledger.
    (c) Rs.275 paid by Mannan was credited to Kannan account.
    (d) Rs. 26 appearing in the cash book as paid for the purchase of stationery for office use has not been posted to ledger.
    (e) The purchases book was undercast by Rs.100.
    Rectify the errors and prepare suspense account.

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