Download App

Account M.C.Q (1 Marks)

Trial Balance and Errors · CBSE STD 11 Commerce (CBSE - English Medium). 7 questions.

Questions

M.C.Q (1 Marks)

🎯

Test yourself on this topic

7 questions · timed · auto-graded

MCQ 11 Mark
Which of the following errors is revealed by the Trial Balance:
  • A
    Wrong amount entered into the book of original entry.
  • ✓
    Wrong amount posted in the ledger Account.
  • C
    Complete omission of an entry from the books of original entry.
  • D
    When accounting principle is violated while recording a transaction in the books of Account.
Answer
Correct option: B.
Wrong amount posted in the ledger Account.
Wrong amount posted in the ledger Account.
View full question & answer→
MCQ 21 Mark
Which of the following is not an error of commission:
  • ✓
    A sale of ₹ 560 not recorded in Books at all.
  • B
    Rent paid to landlord was posted to Landlord's Account.
  • C
    A purchase of ₹ 840 was wrongly posted to sales Account.
  • D
    Instead of creding Shyam credited the other creditor Sham.
Answer
Correct option: A.
A sale of ₹ 560 not recorded in Books at all.
A sale of ₹ 560 not recorded in Books at all.
View full question & answer→
MCQ 31 Mark
Which item shows a debit balance in the Trial Balance?
  • A
    Purchase Return.
  • B
    Salary outstanding.
  • C
    Sales.
  • ✓
    Prepaid Expense.
Answer
Correct option: D.
Prepaid Expense.
Prepaid Expense.
View full question & answer→
MCQ 41 Mark
A machine is purchased for ₹ 10,000 which was wrongly recorded in purchase account. Due to this error .......
  • A
    Trial balance will show difference of ₹ 10,000
  • ✓
    Trial balance will not show any difference.
  • C
    Trial balance will show the difference of ₹ 20,000
  • D
    Trial balance will show a difference of ₹ 5,000
Answer
Correct option: B.
Trial balance will not show any difference.
Trial balance will not show any difference.
View full question & answer→
MCQ 51 Mark
₹ 10,000 received from Apoorva is credited in the account of Prachi. It is an error of:
  • A
    Principle.
  • B
    Omission.
  • ✓
    Commission.
  • D
    Compensatory.
Answer
Correct option: C.
Commission.
Commission.
View full question & answer→
MCQ 61 Mark
Which of the following is the error of principle?
  • A
    The purchase book was overcasted by ₹ 500
  • B
    Credit sale to Arun ₹ 700 recorded as purchase from Arun.
  • C
    Goods returned to Charu ₹ 4,000, posted in Chinoo's A/c.
  • ✓
    Wages paid for installation of machinery debited to Wages A/c.
Answer
Correct option: D.
Wages paid for installation of machinery debited to Wages A/c.
Wages paid for installation of machinery debited to Wages A/c.
View full question & answer→
MCQ 71 Mark
Which of the following errors will not affect the trial balance:
  • A
    Wrong balancing of an account.
  • B
    Wrong totalling of an account.
  • C
    Omission of an account from the trial balance.
  • ✓
    Writing an amount in the wrong account but on the correct side.
Answer
Correct option: D.
Writing an amount in the wrong account but on the correct side.
Writing an amount in the wrong account but on the correct side.
View full question & answer→
Generate Paper FreeAll Trial Balance and Errors topics
M.C.Q (1 Marks) - Account STD 11 Commerce Questions - Vidyadip