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Free Online MCQs for Class – 11 Accountancy Chapter-14 Trial Balance and Errors

Free Online MCQs Questions of CBSE Class – 11 Accountancy Chapter-14 Trial Balance and Errors with Answers. Free Online MCQs Questions for Class 11 Accountancy with Answers was Prepared Based on Latest Exam Pattern. Students can solve NCERT Class 11 Accountancy Chapter-14 Trial Balance and Errors Multiple Choice Questions with Answers to know their preparation level on Success Roar Classes Website itself.

Free Online MCQs for Class -11 Accountancy

Chapter-14 Trial Balance and Errors with Answers

  1. Which items shows a debit balance in the Trial Balance:
    1. Purchase return 
    2. Salary outstanding 
    3. Sales
    4. Prepaid expenses
  2. Which item shows a credit balance in the Trial Balance?
    1. Sales returns
    2. Commission paid
    3. Purchase returns
    4. Salary
  3. Trial balance is used to check the accuracy of
    1. Balance sheet balances
    2. Ledger accounts balances
    3. Cash flow statement balances
    4. Income statement balances
  4. In the books of account if a transaction is completely deleted, will it affect the trial balance?
    1. No
    2. Yes
    3. A transaction cannot be omitted
  5. What is used in preparing trial balance?
    1. Specialized Journals
    2. Balance Sheet
    3. Ledger Accounts
    4. General Journal
  6. What is the trial balance used?
    1. It is a financial statement
    2. It records balances of a balance sheet
    3. It doesn’t contribute to the accounting cycle
    4. It records balances of accounts
  7. When debit balance is equal to credit balance then the trial balance means
    1. Account balances are correct
    2. Mathematically Capital + Liabilities=Assets
    3. No mistake in recording transactions
    4. No mistake in posting entries to ledger accounts
  8. When is trial balance prepared?
    1. At the end of an accounting period
    2. At the end of a year
    3. Frequently during the year
    4. At the end of a month
  9. Which items influence the trial balance agreement?
    1. Deposit in transit
    2. Compensating errors
    3. Complete omission of a transaction
    4. Partial omission of a transaction
  10. When credit balances = debit balances, the trial balance check and shows ________. It also indicates that there were no errors made during posting and recording and posting.
    1. Understatements of Balances
    2. Errors of Commission
    3. Arithmetic Accuracy
    4. Omissions of Economic Events

MCQs Questions of Class – 11 Accountancy Chapter-14 Trial Balance and Errors

Answer Key

  1. (d)  2. (c)  3. (b)   4. (a)  5. (c)  6. (d)  7.  (b)  8. (a)  9. (d)  10 (c)

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