MCQ Chapter 8 Accountancy Class 11 Maharashtra Board Rectification of Errors 1. Entry for interest received credited to Commission A/c is –Commission A/c Dr.To Interest A/cInterest A/c Dr.To Commission A/cSuspense A/c Dr.To Commission A/cCommission A/c Dr.To Suspense A/cQuestion 1 of 202. An error of under-casting affects –Two accountsOne account onlySuspense A/c and ledgerCapital A/c onlyQuestion 2 of 203. Rectified entries are passed in –Cash BookBalance SheetJournal ProperLedgerQuestion 3 of 204. Which type of error occurs if the Sales Return Book total is taken more?Error of OmissionError of CommissionError of PrincipleError of CastingQuestion 4 of 205. A sale of furniture entered in Sales Book is –Error of CommissionError of PrincipleCompensating ErrorError of OmissionQuestion 5 of 206. Purchase from Sujit recorded in Sales Book is –Error of CommissionError of PrincipleTwo-sided errorCompensating errorQuestion 6 of 207. Goods sold to Anjali for ₹3,000 recorded as ₹300 is –Error of OmissionError of RecordingError of PrincipleError of PostingQuestion 7 of 208. Sale of ₹15,000 not entered in Sales Book is –Error of CommissionPartial OmissionComplete OmissionError of PostingQuestion 8 of 209. If Purchase Returns Book is carried forward as less, it results in –Overstated returnsUnderstated liabilitiesTrial Balance differenceMisstated salesQuestion 9 of 2010. Discount received wrongly posted to Discount Allowed A/c is –Commission errorOmission errorPrinciple errorCompensating errorQuestion 10 of 2011. An invoice of ₹240 entered in Sales Book as ₹420 is what kind of error?Error of CommissionError of PrincipleError of Carry ForwardError of PostingQuestion 11 of 2012. Which error will be rectified by reversing and re-entering the correct entry?OmissionOne-sided errorTwo-sided errorCasting errorQuestion 12 of 2013. When both debit and credit sides of different accounts are equally wrong, it is –Error of PrincipleError of OmissionError of CommissionCompensating ErrorQuestion 13 of 2014. Cash paid to Shweta wrongly debited to Ankita’s A/c is an example of –Error of CarryingError of PostingError of CommissionError of OmissionQuestion 14 of 2015. If Machinery A/c is wrongly debited instead of Repairs A/c, it's –Error of OmissionError of CommissionError of PrincipleError of PostingQuestion 15 of 2016. What happens when errors are found after final accounts are prepared?Trial Balance is changedSuspense Account is openedErrors are carried forwardPrior period adjustment is madeQuestion 16 of 2017. If return inward is overcast by ₹800, what action is taken?Credit Return Inward A/cDebit Return Inward A/cDebit Sales A/cCredit Suspense A/cQuestion 17 of 2018. Sale of old furniture recorded in Sales Book is an error of –CommissionCompensatingPrincipleCarry ForwardQuestion 18 of 2019. Double recording of electricity bill is –Error of CommissionError of RecordingError of CarryingError of DuplicationQuestion 19 of 2020. If a cheque payment is wrongly entered in the cash column, it's a –Posting errorPrinciple errorRecording errorOmission errorQuestion 20 of 20 Loading...
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