CBSE Class 11 (Commerce) Trial Balance and Rectification of Errors — practice questions
58 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice CBSE Class 11 (Commerce) Trial Balance and Rectification of Errors in the app →A trial balance is a statement that lists the ___ balances of all ledger accounts on a particular date:The primary purpose of preparing a trial balance is to check the ___ of the ledger postings:In a trial balance, the total of the debit column should be:Completely failing to record a transaction in the books is an:Recording a transaction in the wrong account or with a wrong amount is an:Treating a capital expenditure as a revenue expenditure is an:Two or more errors that cancel out each other's effect on the trial balance are called:A temporary account opened to make a trial balance agree until errors are found is the:Errors that do not affect the agreement of the trial balance include:Assets and expenses normally appear in the trial balance as ___ balances:Liabilities, capital and incomes normally appear in the trial balance as ___ balances:The process of correcting accounting errors in the books is called:If the trial balance does not tally, the difference is temporarily placed in the:Which statement lists the balances of all ledger accounts to verify posting accuracy?A trial balance is normally prepared at the end of which period?Which account normally shows a debit balance in the trial balance?Which of these is an objective of preparing a trial balance?A trial balance first aims to ascertain the arithmetical accuracy of which records?The trial balance is the connecting link between accounting records and what?A tallied trial balance is regarded as which kind of evidence?If a trial balance does not tally, at least how many errors have occurred?In how many ways can a trial balance theoretically be prepared?Which method of preparing a trial balance is most widely used in practice?Under the totals method, the trial balance shows which figures?How many amount columns does the totals-cum-balances method use?Why is the totals-cum-balances method rarely used in practice?In a trial balance, individual debtors' accounts are normally replaced by what?Wrong posting, wrong totalling or wrong balancing of accounts are errors of which kind?Rs 25,000 paid to a supplier was posted to his account as Rs 2,500. This is an error of:Credit sales to Mohan of Rs 10,000 were never entered in the sales book. This is:A credit sale was entered in the sales book but never posted to the customer's account. This is:Debiting the cost of additions to a building to repairs account is an error of:Errors whose net effect on debits and credits is nil are called:Purchases book overcast by Rs 10,000 and sales returns book undercast by Rs 10,000 form:Which of these errors will make the trial balance disagree?A trial balance difference divisible by 9 suggests which kind of mistake?Debit total exceeds credit total by Rs 1,500. A credit item wrongly posted as debit would be of:A debit of Rs 459 was posted as Rs 954. The debit total exceeds the credit total by:When a trial balance fails to tally, one suggested first step is to:Comparing two years' trial balances helps to spot what?For rectification, errors are classified by whether they affect the:Errors committed in two or more accounts are called:Two sided errors are rectified by:One sided errors can be rectified by a journal entry using which account?Credit sales of Rs 10,000 to Mohan were never recorded. The rectifying entry is:Sales of Rs 10,000 to Mohan were posted as Rs 7,000. Rectify:The suspense account is best described as:A trial balance has debit total Rs 74,300 and credit total Rs 79,800. The suspense account shows:If errors stay undetected when final statements are made, the suspense balance is:Last year's errors found this year are adjusted through which account?Before posting, a wrong journal amount is struck with a single line and then:Why should errors not be corrected by erasing or overwriting?Shyam's account was credited short by Rs 190. An additional entry is made on its:An undercast purchases book of Rs 1,000 affects which account?A cash book entry was posted wrongly to the ledger. The error relates to:Which trial balance difference is divisible by 9, hinting at transposition?Debit total exceeds credit total by Rs 3,600. A wrong-side posting of what amount may explain it?Debit and credit totals of a trial balance agree because accounts follow the: