MCQ Chapter 8 Accountancy Class 11 Maharashtra Board Rectification of Errors 1. Repair expenses for second-hand machinery debited to Repairs A/c is –Error of CommissionError of PrincipleError of OmissionCompensating ErrorQuestion 1 of 202. Posting ₹4,500 to a debtor’s account as ₹450 is a –Error of OmissionError of CarryingError of CommissionError of RecordingQuestion 2 of 203. What is the rectification for under-casting of Purchase Book by ₹100?Debit Purchase A/cCredit Suspense A/cDebit Suspense A/cCredit Purchase A/cQuestion 3 of 204. Repair of old furniture wrongly debited to Furniture A/c is –Compensating ErrorOmission ErrorError of CommissionError of PrincipleQuestion 4 of 205. What does an entry in Suspense A/c indicate?ProfitMispostTrial Balance differenceClosing balanceQuestion 5 of 206. Entry for cash received from G.Ramesh not posted is –Debit G.Ramesh A/cNo journal entryCredit G.Ramesh A/cUse Suspense A/cQuestion 6 of 207. One-sided errors are rectified using –Trading A/cSuspense A/cProfit & Loss A/cLedgerQuestion 7 of 208. Wrong credit to Commission A/c instead of ₹570 was ₹500.What’s the difference posted?₹570₹500₹70₹1,070Question 8 of 209. Amount paid to K.Mayur wrongly debited to his A/c is a –Principle ErrorOmission ErrorCommission ErrorPosting ErrorQuestion 9 of 2010. Rectification entries affect –Only ledger accountsBalance sheetCash bookProfit and Loss A/cQuestion 10 of 2011. Goods purchased recorded in Sales Book is an error of –CommissionPrincipleOmissionRecordingQuestion 11 of 2012. If rent paid is wrongly posted to landlord’s personal account, it’s a –Commission ErrorPrinciple ErrorOmission ErrorCompensating ErrorQuestion 12 of 2013. Sales Return not posted to ledger affects –Trading A/c onlyTrial BalanceProfitSuspense A/cQuestion 13 of 2014. Overhauling charges for second-hand machinery treated as expense is –Omission ErrorCommission ErrorPrinciple ErrorCompensating ErrorQuestion 14 of 2015. Carriage paid on purchase of machinery wrongly debited to Carriage A/c is –Principle ErrorCommission ErrorRecording ErrorOmission ErrorQuestion 15 of 2016. Sales to Sharma debited to Verma’s A/c is –Commission ErrorPrinciple ErrorCompensating ErrorOmission ErrorQuestion 16 of 2017. Purchase from Neha ₹10,000 recorded as ₹11,000 is –OmissionCommissionRecording ErrorPrincipleQuestion 17 of 2018. If Rent A/c is undercast, it needs to be –DebitedCreditedTransferred to Suspense A/cIgnoredQuestion 18 of 2019. A Suspense A/c is closed when –Trial Balance is preparedErrors are rectifiedLedger is balancedProfit is finalizedQuestion 19 of 2020. If cash received from Anilkumar is not posted to his account, it’s –OmissionCommissionPrincipleCompensatingQuestion 20 of 20 Loading...
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