Worksheet Solutions: Trial Balance and Rectification of Errors

Q1: If the suspense account indicates a debit balance, it shows that ____ column of the trial balance is more than the ____ column.
Ans: Credit, Debit

Q2: ____ balance of personal account represents the amount payable to him.
Ans: Credit

Q3: Nominal account having credit balance represents ____.
Ans: Income

Q4: In rectification entry purchase account......................... if purchased goods were not posted in purchase account.
Ans: debit

Q5: Commission account debited by Rs. 500 instead of rent account, so in rectification entry rent account will____
Ans: debit Rs. 500

Q6: Ajay a debtor not included in the list of sundry debtors list. To rectifying this error Ajay account will____.
Ans: debit

MCQs

Ans: 

Ans:

Q13:

Ans: 1-c 2 - d

Q14: Sale of office furniture is credited to
(a) Sales Account.
(b) Office Furniture Account.
(c) Cash Account.
(d) None of these.
Ans:  (b)

Q15: Suspense Account will give the
(a) Debit balance.
(b) Credit balance.
(c) Debit or credit balance, as the case may be.
(d) None of these.
Ans: (c)

Q16: Wages paid to Mohan for erecting a machine should be debited to :
(a) Wages A/c
(b) Machine A/c
(c) Mohan's A/c
(d) Cash A/c
Ans: (b)

Q17: Sale of typewriter that has been used in the office should be credited to :
(a) Sales A/c
(b) Cash A/c
(c) Capital A/c
(d) Typewriter A/c
Ans: (d)

Q18: The accountant opens the following account when Trial Balance does not match
(a) Capital Account.
(b) Suspense Account.
(c) Drawings Account.
(d) Profit and Loss Account.
Ans: (b)

Q19: Which of the following is not an error of principle?
(a) Purchase of machinery debited to Purchase Account.
(b) Sale of old furniture credited to Sales Account.
(c) Repairs on the overhauling of existing Machinery debited to Machinery Account.
(d) Cash received from Mohan posted to Sohan.
Ans: (d)

Q20: Suspense Account in the trial balance will be entered in the :
(a) Manufacturing A/c
(b) Trading A/c
(c) Profit & Loss A/c
(d) Balance Sheet
Ans: (d)

Q21: Rent paid to landlord amounting to Rs.500 was credited to Rent A/c with Rs.5,000. In the rectifying entry, Rent A/c will be debited with :
(a) 5,000
(b) 500
(c) 5,500
(d) 4,500
Ans: (c)

Q22: Errors are
(a) Undetected mistakes
(b) Intentional Mistakes
(c) Frauds
(d) Unintentional Mistakes
Ans: (d)

Q23: Rs. 2,000 paid as wages for installing a machine should be debited to
(a) Wages Account.
(b) Machinery Account.
(c) Capital Account.
(d) None of these.
Ans: (b)

Q24: Purchased goods from Gopal for Rs.3,600 but was recorded in Gopal's A/c as Rs.6,300. In the rectifying entry, Gopal's A/c will be debited with :
(a) 9,900
(b) 2,700
(c) 3,600
(d) 6,300
Ans:  (b)

Q25: Purchased goods from Gopal for Rs.3,600 but was recorded as Rs.6,300 to the debit of Gopal. In the rectifying entry, Gopal's A/c will be credited with :
(a) 9,900
(b) 2,700
(c) 3,600
(d) 6,300
Ans: (a)

Q26: Sohan returned goods to us amounting Rs.4,200 but was recorded as Rs.2,400 in his account. In the rectifying entry, Sohan's A/c will be credited with :
(a) 1,800
(b) 4,200
(c) 2,400
(d) 6,600
Ans: (a)