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

1
Which of the following is not a type of error.
  • A
    Errors of Commission
  • B
    Compensating Errors
  • C
    Errors of Omission
  • D
    Suspense Account
    Correct
2
These are the errors which are committed due to wrong posting of transactions, wrong totaling or balancing of the accounts
  • A
    Error of principle
  • B
    Errors of Omission
  • C
    Compensating Errors
  • D
    Errors of Commission
    Correct
3
There can be of two types of error of omission
  • A
    error of complete omission and error of partial omission
    Correct
  • B
    error of compensating omission and error of partial omission
  • C
    error of first omission and error of last omission
  • D
    error of complete omission and error of principle omission
4
Which error occur due to incorrect classification of expenditure or receipt between capital and revenue
  • A
    Compensating Errors
  • B
    Errors of Commission
  • C
    Error of principle
    Correct
  • D
    Errors of Omission
5
When two or more errors are committed in such a way that the net effect of these errors on the debits and credits of accounts is nil, such errors are called
  • A
    Errors of Commission
  • B
    Compensating errors
    Correct
  • C
    Errors of Omission
  • D
    Error of principle
6
Which of the following is true relating to error of principle
  • A
    All of these
    Correct
  • B
    May lead to under/over stating of income or assets or liabilities
  • C
    It will have an impact on financial statements
  • D
    Principles are violated or ignored
7
Which of the following will affect the trial balance
  • A
    Complete omission from posting to the A/c
  • B
    Wrong balance trasferred
    Correct
  • C
    Wrong recording in the books of original entry.
  • D
    Errors of complete omission.
8
The accountant tallies his trial balance by putting the difference on shorter side as
  • A
    Suspense account
    Correct
  • B
    Debit account
  • C
    Credit account
  • D
    Compensating account
9
Balance of suspense account will be transferred in to
  • A
    Profit and Loss account
  • B
    Balance sheet
    Correct
  • C
    Journal account
  • D
    Trading account
10
Under casting of sales book is corrected by _____ sales account
  • A
    Both
  • B
    Debiting
  • C
    Crediting
    Correct
  • D
    None
11
Which of the following is not a type of errors of commission
  • A
    Error of recording
  • B
    Error of casting
  • C
    Error of posting
  • D
    Error of principle
    Correct
12
Debit balance of suspense account will be at _____ Credit balance will be at _____ side of balance sheet
  • A
    Liabilities, Assets
  • B
    Capital , Assets
  • C
    Assets, Capital
  • D
    Assets, liabilities
    Correct
13
The disagreements of trial balance indicated that an _____ has been committed
  • A
    Error
    Correct
  • B
    Rectification
  • C
    None
  • D
    Fault
14
Time of depiction of an error mean
  • A
    Error detected after the preparation of trial balance
  • B
    Error detected before the preparation of trial balance
  • C
    Error detected after the preparation of final accounts
  • D
    All of these
    Correct
15
Trial balance is affected by
  • A
    None
  • B
    One sided error
    Correct
  • C
    Both
  • D
    Two sided error