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Class 11 Commerce Trial Balance and Rectification of Errors — practice questions

Explore 13 free Trial Balance and Rectification of Errors questions in Class 11 Commerce Accountancy. 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 1–13 of 13.

A trial balance is a statement that lists the ___ balances of all ledger accounts on a particular date:Read the answer and worked solution →The primary purpose of preparing a trial balance is to check the ___ of the ledger postings:Read the answer and worked solution →In a trial balance, the total of the debit column should be:Read the answer and worked solution →Completely failing to record a transaction in the books is an:Read the answer and worked solution →Recording a transaction in the wrong account or with a wrong amount is an:Read the answer and worked solution →Treating a capital expenditure as a revenue expenditure is an:Read the answer and worked solution →Two or more errors that cancel out each other's effect on the trial balance are called:Read the answer and worked solution →A temporary account opened to make a trial balance agree until errors are found is the:Read the answer and worked solution →Errors that do not affect the agreement of the trial balance include:Read the answer and worked solution →Assets and expenses normally appear in the trial balance as ___ balances:Read the answer and worked solution →Liabilities, capital and incomes normally appear in the trial balance as ___ balances:Read the answer and worked solution →The process of correcting accounting errors in the books is called:Read the answer and worked solution →If the trial balance does not tally, the difference is temporarily placed in the:Read the answer and worked solution →

Worked practice questions

A trial balance is a statement that lists the ___ balances of all ledger accounts on a particular date:

  1. debit and credit
  2. only credit
  3. only cash
  4. only debit
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Correct answer: A. debit and credit

A trial balance lists the debit and credit balances of all ledger accounts on a date.

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The primary purpose of preparing a trial balance is to check the ___ of the ledger postings:

  1. tax liability
  2. arithmetical accuracy
  3. legal validity
  4. market value
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Correct answer: B. arithmetical accuracy

Its main purpose is to verify the arithmetical accuracy of the ledger.

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In a trial balance, the total of the debit column should be:

  1. greater than the credit column
  2. equal to the total of the credit column
  3. less than the credit column
  4. always zero
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Correct answer: B. equal to the total of the credit column

If postings are correct, total debits equal total credits.

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More Accountancy topics

Bank Reconciliation StatementDepreciation, Provisions and ReservesTheorybaseRecordingtransactions