8/6/22, 4:52 PM Trial Balance And Rectification Of Errors Questions | Class 11 Accountancy Important Questions

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Class 11 >> Accountancy >> Trial Balance and Rectification of Errors >> Easy Questions

Trial Balance And Rectification Of Errors

Accountancy 1646 Views

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Q1 After preparing the trial balance the accountant finds that the total of a debit side
is short by Rs.2,500. This difference will be _____________.

A debited to suspense account

Correct Answer
B credited to suspense account

C adjusted to any of the debit balance accounts

D adjusted to any of the credit balance accounts

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As the suspense account is temporary management account, it is used to

rectify the amount hence when the debit side is short by 2500 suspense
account is debited by 2500 to correct errors and tally the problem.

Therefore, B is the correct option.

Q2 State whether the following statement is True or False:-

Single sided errors affect only one account.

Correct Answer
A True

B False

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Q3 State whether  the following statements are True or False:

Amount spent for the repairs of old furniture is debited to Machinery Account.

A True
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8/6/22, 4:52 PM Trial Balance And Rectification Of Errors Questions | Class 11 Accountancy Important Questions

Correct Answer
B False

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Q4 A trial balance contains the balances of ______________________.

A Only personal and real accounts

B Only real and nominal accounts

C Only nominal and personal accounts

Correct Answer
D All accounts

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Trial Balance is a statement which lists all the balances of

the Real, Personal and Nominal Account irrespective of Capital or
Revenue account. It contains two columns debit and credit.

Q5 State whether  the following statements are True or False:

Errors affecting the agreement of trial balance are called one side errors. 
Correct Answer
A True

B False

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Q6 Returns outwards book was under cast by Rs. 150. If this error located after
preparation of final account then which of the following rectification entry is
correct?
Correct Answer
A Suspense A/c Dr. 150
To Profit & Loss Adj. A/c 150

B Profit & Lots Adj. A/c Dr. 150

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To Suspense A/c 150

C Returns Outwards A/c Dr. 150

To Profit & Loss Adj. A/c 150

D Profit & Loss Adj. A/c Dr. 150

To Returns outwards A/c 150

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Undercasting of balance of return outward book leads to lower profits. So

the journal entry will be:

        Suspense A/c Dr.        XXX

           To P&L Adj. A/c                  XXX

Therefore, A is the correct option.

Q7 What do you mean by error of omission?

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The error of omission is the error that occurs when a transaction is not
recorded in the books of original entry. These are of two types: 

1. Error of complete omission: When a transaction is completely omitted

from recording in the books of the original record, it is an error of complete
omission.

2. Error of partial omission:  When the recording of a transaction is partly

omitted from the books, it is an error of partial omission. 

Q8 Rs. 15,000 received from Karan has been credited to Ravan. Which of the
following rectification entry is correct?
Correct Answer
A Raven A/c Dr. 15,000
To Karen A/c 15,000

B Karan A/c Dr. 15,000

To Raven A/c 15,000

C Ravan A/c Dr. 15,000

To Suspense A/c 15,000
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8/6/22, 4:52 PM Trial Balance And Rectification Of Errors Questions | Class 11 Accountancy Important Questions

D Suspense A/c Dr. 15,000

To Karan A/c 15,000

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Q9 _______are passed for rectifying errors which might have committed in the
books of account.

A Transfer Entries

B Adjustment Entries
Correct Answer
C Rectification Entries

D Opening Entries

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