11th Grade > Accountancy
TRIAL BALANCE AND RECTIFICATION OF ERRORS MCQs
Total Questions : 30
| Page 1 of 3 pages
Answer: Option B. -> Sales (Dr) & Debtors (Cr) by Rs 900 each
:
B
To rectify the error, Sales account shall be debited & Debtors account shall be credited to reduce the balances by Rs 900 each.
:
B
To rectify the error, Sales account shall be debited & Debtors account shall be credited to reduce the balances by Rs 900 each.
Answer: Option D. -> None of the above
:
D
None of these are revealed by Trial balance.
:
D
None of these are revealed by Trial balance.
Answer: Option C. -> No, it will not be revealed
:
C
If salary paid to employee is entered in the personal account of employee, this error is NOT revealed by the Trial Balance.
:
C
If salary paid to employee is entered in the personal account of employee, this error is NOT revealed by the Trial Balance.
Answer: Option A. -> Machinery & Repairs
:
A
Rectification entry shall be;
Machinery A/c Dr Rs 1,000
To Repairs A/c Rs 1,000
:
A
Rectification entry shall be;
Machinery A/c Dr Rs 1,000
To Repairs A/c Rs 1,000
Answer: Option B. -> Purchase account by Rs 50
:
B
Purchase has a debit balance which is recorded less by Rs 50, hence purchase account shall be debited.
:
B
Purchase has a debit balance which is recorded less by Rs 50, hence purchase account shall be debited.
Answer: Option A. -> Repairs account is debited
:
A
To record a repair or maintenance expense in your records, debit the repairs and maintenance expense account by the amount of the expense in a journal entry.
:
A
To record a repair or maintenance expense in your records, debit the repairs and maintenance expense account by the amount of the expense in a journal entry.
Answer: Option C. -> Purchase account shall be debited
:
C
Purchase has a debit balance which is unedrcast, to rectify this purchase account shall be debited by the amount of difference.
:
C
Purchase has a debit balance which is unedrcast, to rectify this purchase account shall be debited by the amount of difference.
Answer: Option A. -> Debited & credited respectively
:
A
Rectifying Entry shall be:
Purchase return A/c Dr
To Suspense A/c
:
A
Rectifying Entry shall be:
Purchase return A/c Dr
To Suspense A/c
Answer: Option A. -> Drawings account shall be debited & Repairs account shall be credited by Rs 410
:
A
Drawings account shall be debited & Repairs account shall be credited by Rs 410.
:
A
Drawings account shall be debited & Repairs account shall be credited by Rs 410.
Answer: Option C. -> Suspense account
:
C
Suspense account is used while rectifying the errors of undercasting/overcasting.
:
C
Suspense account is used while rectifying the errors of undercasting/overcasting.
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