Class 11 Commerce Trial Balance and Rectification of Errors — practice questions
13 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice 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: