Rectification of Errors - Important Question Paper

11th Standard

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Accountancy

Time : 01:00:00 Hrs
Total Marks : 50

    Part A

    Multiple Choice Question

    10 x 1 = 10
  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. A transaction not recorded at all is known as an error of

    (a)

    Principle

    (b)

    Complete omission

    (c)

    Partial omission

    (d)

    Duplication

  5. Wages paid for installation of machinery wrongly debited to wages account is an error of

    (a)

    Partial omission

    (b)

    Principle

    (c)

    Complete omission

    (d)

    Duplication

  6. Which of the following errors will not affect the trial balance?

    (a)

    Wrong balancing of an account

    (b)

    Posting an amount in the wrong account but on the correct side

    (c)

    Wrong totalling of an account

    (d)

    Carried forward wrong amount in a ledger account

  7. 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

  8. A credit purchase of furniture from Athiyaman was debited to purchases account. Which of the following accounts should be debited while rectifying this error?

    (a)

    Purchases account

    (b)

    Athiyaman account

    (c)

    Furniture account

    (d)

    None of these

  9. 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

  10. Which of the following errors will be rectified using suspense account?

    (a)

    Purchases returns book was undercast by Rs.100

    (b)

    Goods returned by Narendran was not recorded in the books

    (c)

    Goods returned by Akila 900 was recorded in the sales returns book as Rs.90

    (d)

    A credit sale of goods to Ravivarman was not entered in the sales book

  11. Part  B

    Answer All Questions

    6 x 2 = 12
  12. What is meant by rectification of errors?

  13. What is meant by error of principle?

  14. What is meant by error of partial omission?

  15. What is meant by error of complete omission?

  16. What are compensating errors?

  17. Give journal entries to rectify the following errors discovered after the preparation of trial balance:
    (a) Purchases book was overcast by Rs.10,000.
    (b) Repairs to furniture of Rs.500 was debited to furniture account.
    (c) A credit sale of goods to Akilnilavan for Rs.456 was credited to his account as Rs.654.

  18. Part  C

    Answer All Questions

    6 x 3 = 18
  19. The following errors were located before the preparation of the trial balance. Rectify them.
    (a) Goods sold to Anand for Rs 1,000 on credit was not entered in the sales book.
    (b) An amount of Rs 400 paid for repairs to the machinery stands wrongly posted to machinery account.
    (c) Salaries Rs 2,000 paid to Gandhiraj was wrongly debited to his personal account in the ledger.

  20. The following errors were located before the preparation of the trial balance. Rectify them.
    (a) Paid Rs 500 to Angappan were wrongly debited to Angannan’s account.
    (b) Sale of furniture for Rs 750 was credited to sales account.
    (c) Purchase of goods from Bagya for Rs 2,100 was wrongly passed through sales book.
    (d) Wages Rs 1,000 paid on erection of machinery were debited to wages account.

  21. The following errors were located after the preparation of the trial balance. Assume that there exists a suspense account. Rectify them.
    (a) Sale of goods on credit to Arun for Rs 152 posted to his account as Rs 125.
    (b) Bought goods from Lakshmi on credit for Rs 550, credited to her account as Rs 505.
    (c) Purchase of furniture from Abirupa for Rs 404 on credit was debited to furniture account as Rs 440.
    (d) Purchased machinery for cash Rs 200 was not posted to machinery account.
    (e) The total of purchases book Rs 89 was carried forward as Rs 98.

  22. What are the errors not disclosed by a trial balance?

  23. What are the errors disclosed by a trial balance?

  24. Write a note on one-sided errors and two sided errors.

  25. Part  D

    Answer All Questions

    2 x 5 = 10
  26. The following errors were located after the preparation of the trial balance. Rectify them.
    (a) Paid Rs 50 to Anitha was wrongly debited to Vanitha account.
    (b) Sale of furniture for Rs 500 was credited to sales account.
    (c) Purchased goods from Natarajan on credit for Rs 750 were wrongly passed through sales book.
    (d) Wages Rs 1,000 paid on erection of machinery was debited to wages account.

  27. Pass journal entries to rectify the following errors located after the preparation of the trial balance. Assume that there exists a suspense account.
    (a) The total of sales book was undercast by Rs 2,000.
    (b) The purchase of machinery for Rs 3,000 was entered in the purchases book.
    (c) A credit sale of goods for Rs 450 to Mathi was posted in his account as Rs 540.
    (d) The purchases returns book was overcast by Rs 200.
    (e) The total of sales book Rs 1,122 were wrongly posted in the ledger as Rs 1,222.

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