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TRIAL BALANCE & RECTIFICATION OF ERRORS

Total questions: 25

Worksheet time: 50mins

Name
Class
Date
1.

Errors of Commission do not permit

a)

the trial balance to agree

b)

correct total of Balance Sheet

c)

correct totaling of Trial Balance

d)

none of the above

2.

Error of Omission arises when:

a)

any transactions is incorrectly recorded, either wholly or partially

b)

any transactions is left either wholly or partially

c)

any transactions is recorded in a fundamentally incorrect manner

d)

none of these

3.

Error of Principle arises when

a)

any transaction is recorded in a fundamentally incorrect manner

b)

any transaction is left to be recorded either wholly or partially

c)

any of the transaction recorded with double amount

d)

none of these

4.

An item of Rs.72 has been debited to a personal account as Rs.27, is an error of

a)

Error of commission

b)

error of omission

c)

error of principle

d)

compensating error

5.

sale of typewriter that has been used in the office credited to sales account, which account is to be credited?

a)

sales a/c

b)

cash a/c

c)

capital a/c

d)

typewriter a/c

6.

After providing the trial balance the accountant find that the total of debit side is short by Rs.2,500. The difference will be:

a)

credited to suspense account

b)

debited to suspense account

c)

adjusted to any of the debit balance accounts

d)

adjusted to any of the credit balance accounts

7.

Sales to Shyam of Rs.500 not recorded in the books would affect:

a)

shyam's account

b)

sales account

c)

sales account and shyam's account

d)

cash account

8.
A balanced (agreed) trial balance is a proof of :- 
a)
Complete accuracy of accounts 
b)
There are no errors 
c)
Only  mathematical accuracy 
d)
None of these 
9.
Which of the following errors is an error of principle
a)
Rs.500 received from Rakesh has been debited to his account
b)
Sales undercast by $100
c)
Repairs to Machinery have been debited to Machinery Account
d)
None of the above
10.
When is a suspense account prepared
a)
when a Balance Sheet fails to balance
b)
when a trial balance fails to balance
c)
when an error of omission is corrected
d)
when an error of principle is corrected
11.
Which type of error is corrected using a suspense account?
a)
complete reversal
b)
omission
c)
Principle
d)
Single Entry
12.
Which of the following is not a kind of error 
a)
compensatory
b)
Principle
c)
Omission 
d)
Permission 
13.
Which of the following is an example of error of Principle
a)
Goods sold for Rs50,000 posted as Rs75000
b)
Rent received Rs500 but wrongly debited 
c)
Goods of Rs85000 purchased for cash recorded through Furniture account
d)
None of these 
14.
If goods of Rs9000 purchased for cash , posted only in cash account . Rectifying entry will be: 
a)
Purchases a/c Dr  9000
To  Cash a/c   9000
b)
Suspense a/c Dr 9000
To  Cash  a/c 9000
c)
Purchases a/c Dr 9000
To  Suspense a/c  9000
d)
Suspense a/c Dr9000
To  Purchases a/c 9000
15.

Credit purchase from Mr. Kamal Rs.10,000, This transaction is not recorded in the book of account. This type of errors is “error of omission”.

a)

True

b)

False

16.

8. After providing the trial balance the accountant finds that the total of debit side is short by Rs 2,500. This difference will be

a)

Credited to suspense account

b)

Debited to suspense account

c)

Adjusted to any of the debit balance accounts

d)

Adjusted to any of the credit balance accounts

17.

An asset account shows a

a)

Credit balance

b)

Debit balance

c)

Credit or debit balance

18.

Trial balance is prepared from

a)

Ledger

b)

Ledgers and journal

c)

Ledger and cash book

d)

None of these

19.

The main purpose of preparing trial balance is to check the arthimetical accuracy of double entry. Is this statement true or false

(a)  

20.

Discount received has

a)

Debit balance

b)

Credit balance

c)

Both debit and credit balance

21.

Which item is shown as debit balance in trial balance

a)

Cash in hand

b)

Bank overdraft

c)

Rent outstanding

d)

Creditors

22.

Preparation of trial balance helps in

a)

Judging the financial position

b)

Locating errors of all type

c)

Preparation of final account

d)

None of these

23.

Trial balance is a :

a)

(a) Statement

b)

(b) Account

c)

(c) Summary

d)

(d) Ledger

24.

Method of preparation of Trial balance are

a)

(a) Balance Method

b)

(b) Total Method

c)

(c) Total and Balance Method

d)

(d) All of these

25.

$200 rental payment was not recorded in the books. What is type of this error ?

a)

Error of omission

b)

Error of commission

c)

Error of original entry

d)

Compensating error

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