Below are some of the most important questions on the "Trial Balance Accountancy". All questions are most likely to be asked in.
SSC, SSC CGL, SSC CHSL, UPSC, IBPS, UPPSC, RRB, RRB NTPC, RRB Group D, JKSSB, JKPSC.
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1)
Closing Stock In The Trail Balance
Implies That___
-
It Is Adjusted In Purchase Account
-
It Is Already
Adjusted In The Opening Stock
-
It Is Adjusted In
Sales Account
-
None Of These
2) C's trail balance contains Debtors 55000
and Bad Debts 5000. Calculate a closing provision for doubtful debts @10%
-
5000
-
5500
-
6000
-
500
3)
Debit side of trial balance shows
-
ALL The Below
-
assets,
-
drawings,
-
expense accounts,
4)
Purchase of Rs. 4,100 is entered as Rs.
1,400 in of accounts is a –
(a) Error of commission
(b)
Errors of principle
(c) Error
of omission
(d)
Compensatory error
5)
Disagreement of trial balance includes
which errors ?
-
Error of
emissions
-
Compensating
errors
-
Wrongly totalling of subsidiary
-
Both I & II
6)
Provision for doubtful debts acc is a/an
-
Asset
-
Liability
-
None of these
-
Income
7)
Preparation of trial balance helps in
locating an error of principle.
-
false
-
true
8)
If Closing stock appears in Trial
Balance, it means:
-
Purchases are
adjusted against closing stock.
-
Purchases are adjust against opening and
closing stock.
-
Purchases are
adjusted against opening Stock.
9)
Which of the following is shown on debit
side of trial balance
-
Rent outstanding
-
Prepaid expenses
-
Purchase return
-
Excess of income
over expenses
10) Which
among the following errors is not revealed by trial balance
-
Error of
commission
-
Wrong totalling
-
Compensating error
-
NOTA
11) Which
item shows a debit balance in the Trial Balance?
-
Sales
-
Prepaid salary
-
Purchase return
-
Salary
outstanding
12) Purchase
Of Office Furniture Worth RS 5000 Have Been Debited To General Expenses
Account. Yeh Kun Sa Error Hai ?
-
Error Of Principal
-
Both A And C
-
Compensating
Error
-
Error Of Omission
13) Sales
return has ___ balance
-
Debit balance
-
Credit balance
14) Which
of the following is not an error of commission:
(a)
Overcasting of
sales book.
(b)
Credit sales to
Ramesh ` 5,000 credited to his account.
(c)
Wrong balancing
of machinery account.
(d)
Cash sales not recorded in cash book.
15) Received
800 from Vibhav but credited his account 8,000 is…………
(a) Error
of Principle
(b) Clerical Error
(c)
Compensating Error
(d) None
of these
16) Wages
paid for installation of Machinary wrongly debited to wages a/c is an error of
-
Error of omission
-
Error of
commission
-
Clerical error
-
Principle error
17) If prepaid
wages is given in trial balance , it is shown in :
-
Assets
-
Debit of trading
account
-
Debit of profit
and loss account
-
Debit of trading
a/c and assets
18) Trail
balance prepared to locate
-
Errors of
principal
-
Not of these
-
Errors of
omission
-
Compensating
errors
19) Trial
balance is prepared to locate
-
Errors of
principle
-
Compensating
errors
-
None of these
-
Errors of ommision
20) If
X has been debited by Rs 50 instead of 500 and Y has been debited by Rs 500
instead of 50. It will be called
-
Error of
commission
-
Compensating error
-
Error of
principle
-
Error of omission
21) Which
is included in trial balance if adjusted purchases are given
-
Both are shown
-
Opening stock
-
NOT
-
Closing stock
22) An
error of 2000 Wrongly posted to wages account instead of machinery account is
an error of
-
Compensating
Error
-
Omission
-
Commission
-
Principal
23) Preparation
of trial balance helps in deduction of
-
clerical errors
-
compensating
errors
-
errors of
omission
-
errors of
principles
24) When
The Trail Balance Is Not Reconciled, The Account Opened At This Juncture Is,
-
Suspense Account
-
Trading Account
-
Profit & Loss
Account
-
None Of These
25) Adjusted
purchase is equal to?
-
Adjusted purchase
= closing stock + purchase - opening stock
-
Adjusted purchase
= Opening stock - purchase - closing stock
-
Adjusted purchase = Opening stock +
purchase - closing stock
-
Adjusted purchase
= Opening stock - purchase + closing stock