CBSE Class 11 Accountancy – MCQ and Online Tests – Unit 6 – Trial Balance and Rectification of Errors
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CBSE Class 11 Accountancy – MCQ and Online Tests – Unit 6 – Trial Balance and Rectification of Errors
Question 1.
If the trial balance does not tally after many efforts then following Account is opened –
(a) Purchase account
(b) Suspense account
(c) Sales account
(d) None of these.
Answer
Answer: (b) Suspense account
Question 2.
How many methods are there for preparing Trial Balance –
(a) One
(b) Three
(c) Four
(d) None of these.
Answer
Answer: (c) Four
Question 3.
Which of the following is prepared on the basis of Trial Balance –
(a) Journal
(b) Ledger
(c) Final Accounts
(d) None of these.
Answer
Answer: (c) Final Accounts
Question 4.
Errors committed due to lack of basis principle of Accounting are called –
(a) Compensating errors
(b) Error of principle
(c) Single sided error
(d) None of these.
Answer
Answer: (b) Error of principle
Question 5.
Of the two sides of Trial balance does not tally, which Account is opened –
(a) Suspense Account
(b) Personal Account
(c) Real Account
(d) None of these.
Answer
Answer: (a) Suspense Account
Question 6.
The error which can be disclosed by Trial balance-
(a) Error of ommission
(b) Error of principal
(c) Compensatory error
(d) None of these.
Answer
Answer: (d) None of these.
Question 7.
Errors are rectified in this book-
(a) Ledger book
(b) Journal proper
(c) Trial balance
(d) None of these.
Answer
Answer: (b) Journal proper
Question 8.
Errors Committed by omitting entries in the Journal book is called –
(a) Error of commission
(b) Error of principle
(c) Error of omission
(d) None of these.
Answer
Answer: (c) Error of omission
Question 9.
What kind of accuracy is tested by Trial balance-
(a) Theoritical
(b) Practical
(c) Arithmetical
(d) None of these.
Answer
Answer: (c) Arithmetical
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