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CA Foundation Trial Balance and Rectification of Errors — practice questions — page 2

Explore 50 free Trial Balance and Rectification of Errors questions in CA Foundation Accounting. Open each question or exercise to read its content, reference answers and available explanation.

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Trial Balance and Rectification of Errors questions and exercises with answers

Showing questions 31–50 of 50.

A Rs 21 invoice was entered as Rs 12 on both sides. Trial balance totalsRead the answer and worked solution →Leaving one ledger account balance out of the trial balance makes itRead the answer and worked solution →Fuel cost debited to the postage account is an error ofRead the answer and worked solution →The main purpose of a trial balance is to checkRead the answer and worked solution →A trial balance only checks debits against credits. So itRead the answer and worked solution →When a trial balance does not tally, the first step is toRead the answer and worked solution →A one-sided error is rectified by a journal entry using theRead the answer and worked solution →Errors that do not affect the trial balance are known asRead the answer and worked solution →Which of these is a two-sided error?Read the answer and worked solution →An error found in the original book before posting may be corrected byRead the answer and worked solution →The sales book is overcast. Individual customer accountsRead the answer and worked solution →A sales return by Megha, Rs 1,600, was posted as Rs 1,000. Rectify.Read the answer and worked solution →Credit purchases of Rs 5,000 from Sachin were posted to his debit side. He is credited in rectification byRead the answer and worked solution →Prior-year errors are rectified via profit and loss adjustment account toRead the answer and worked solution →A credit purchase of Rs 6,000 from Dheeru was entered in the sales book. Dheeru is credited byRead the answer and worked solution →Goods of Rs 3,500 returned to supplier Sunil were entered in the sales returns book. Sunil is debited byRead the answer and worked solution →Rs 50,000 cash paid for machinery was debited to repairs. Rectify.Read the answer and worked solution →Wages of Rs 3,000 for installing a machine were debited to wages. Rectify.Read the answer and worked solution →Trial balance debit total is Rs 1,00,000 and credit total Rs 96,000. Suspense showsRead the answer and worked solution →Debit and credit totals of a trial balance must agree becauseRead the answer and worked solution →

Worked practice questions

A Rs 21 invoice was entered as Rs 12 on both sides. Trial balance totals

  1. Still agree, each lower by 9
  2. Disagree by 9 on debit
  3. Disagree by 9 on credit
  4. Disagree by 21 overall
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Correct answer: A. Still agree, each lower by 9

Both debit and credit are understated by 9, so the totals remain equal.

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Leaving one ledger account balance out of the trial balance makes it

  1. Remain balanced
  2. Still agree overall
  3. Cancel other errors
  4. Fail to balance
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Correct answer: D. Fail to balance

Only one side of a pair is dropped from the list, so the columns will differ.

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Fuel cost debited to the postage account is an error of

  1. Commission
  2. Principle
  3. Omission
  4. Reversal
Show answer and solution

Correct answer: A. Commission

The amount and side are right but the wrong account of the same type, an expense, was used.

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