Rectification Of Error CBSE Questions & Answers

Rectification Of Error

This is Accountancy Class 11 Rectification of Error CBSE Questions & Answers. There are 15 questions in this test with each question having around four answer choices.

Questions & Answers

Suspense account is opened when ____ does not tally

A
Balance sheet
B
Trial balance
Correct
C
Profit and loss
D
Trading account

Which of the following is not an error of principle

A
Repair or the over hauling of machinery purchased debited to repairs account
B
Cash paid to Karan posted to salary
Correct
C
Sale of old car credited to sales account
D
Purchase of furniture debited to purchase account

Which of the following is not an error of commission

A
Wrong balancing of machinery account
B
Credit sales to Pawan Rs.5000 credited to his account
C
Cash sales not recorded in cash book
Correct
D
Overcasting of sales book

Which of the following error will be rectified through suspense account

A
Purchase return to Vishal Rs.1000 not recorded
B
Purchase return to Vishal Rs.1000 recorded through Sales return book
C
Purchase return book under cast by 1000
Correct
D
Purchase return to Vishal Rs.1000 recorded as Rs.100

Trial balance is equal from both sides but still there is some error. It indicate that:

A
There may be one sided error in the book
B
There is no error in the book
C
There may be two sided error in the book
Correct
D
There may be two sided and one sided error in the book

If wages paid for construction of building are debited to wages account. It is

A
An error of Omission
B
An error of compensation
C
An error of commission
D
An error of principle
Correct

Trial balance is

A
A subsidiary book
B
A principle book
C
An account
D
A statement
Correct

A trial balance is prepared

A
After preparation of financial statement
B
After recording transactions in subsidiary books
C
After posting to ledger is
D
After posting to ledger is complete and accounts have been balanced
Correct

If suspense account does balance even after rectification of error it implies that

A
There are no more errors to be located
B
There are some two side errors only in the books yet to be located
C
There are some one side errors only in the books yet to be located
Correct
D
There are both one side and two sided errors in the books yet to be located

If an error is not detected in spite of all efforts and trial balance does not agree then what measure will be taken for the agreement of a trial balance

A
Should opened a rectification account
B
Should opened an error account
C
Should opened a compensation account
D
Should opened a suspense account
Correct

If some credit sale to customer is correctly recorded in Sale book but is omitted to be recorded to Customer’s account then what type of error will it be

A
Error of totaling
B
Error of casting
C
Error of posting
Correct
D
Error of recording

Why the error of casing of subsidiary books affect the agreement of trial balance

A
It is one side and two side errors only
B
It is one side errors only
Correct
C
It is two sided errors only
D
None

A trial balance is prepared to locate

A
None of these
Correct
B
Error of commission
C
Error of Omission
D
Error of principle

Which of the following error would be disclosed by the Trial Balance

A
Selling expenses have debited to Sale account
B
Credit sales of Rs.2500 entered in both the account Rs.250
C
Cheque Rs.5000 from Ram entered in Shyam account
Correct
D
A purchase of Rs.3500 was omitted entirely from the books

Rs.4,200 paid for conveyancing has been written off instead of capitalizing. This is an error of

A
Commission
B
Principle
Correct
C
Compensating
D
Omission