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Published on: 29/08/2019
Trial Balance and Rectification of Errors
Download CBSE Class 11th Standard CBSE Accountancy question papers, sample papers, important questions, and previous year solved papers in PDF format. Get free study materials, NCERT solutions, and exam preparation resources for Class 11th Standard CBSE Accountancy
Questions + Answers key
Take MCQ Accountancy Test
1.
What is meant by two-sided errors?
2.
What is the effect of one-sided errors on Trial Balance?
3.
What is meant by one-sided errors?
4.
Identify two types of errors for the purpose of rectification of errors.
5.
What is meant by rectification of errors?
6.
If the trial balance agrees, it implies that:
There is no error in the books
There may be two sided errors in the book
There may be one sided error in the books
There may be both two sided and one sided errors in the books.
7.
Which of following errors will be rectified through suspense account:
Sales return book under cast by Rs 1,000
Sales return by Madhu Rs 1,000 not recorded
Sales return by Madhu Rs 1,000recorded as Rs 10
Sales return by Madhu Rs 1,000 recorded through purchases returns book
8.
Which of the following is not an error of commission:
Overcasting of sales book
Credit sales to Ramesh Rs 5,000 credited to his account
Wrong balancing of machinery account
Cash sales not recorded in cash book
9.
Which of the following is not an error of principle:
Purchase of furniture debited to purchases account
Repairs on the overhauling of second hand machinery purchased debited to repairs account.
Cash received from Manoj posted to Saroj
Sale of old car credited to sales account.
10.
Agreement of trial balance is affected by:
One sided error only
Two sided error only
Both a and b
None of the above
1.
( )
Two-sided errors are the errors which affect two or more than two accounts at the same time. Trial balance will tally in this case.
2.
( )
Trial balance will not agree.
3.
( )
One-sided errors are the errors which affect only one account. Trial Balance does not tally in this case.
4.
( )
(i) One-sided errors,
(ii) Two-sided errors
5.
( )
Rectification of errors means correction of errors by way of passing Journal entries.
6.
(b)
There may be two sided errors in the book
7.
(a)
Sales return book under cast by Rs 1,000
8.
(d)
Cash sales not recorded in cash book
9.
10.
(a)
One sided error only
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