Class XI Accounts Test Paper - 2021
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SHORT ANSWER QUESTIONS 1. What is a Trial balance? State any four functions of a Trial balance. *
1 point
2. Trial balance is a link between ledger and final accounts. *
1 point
3. Trial Balance merely a proof of Arithmetical accuracy ‘’? Explain the errors which are not Disclosed by a Trial Balance. *
1 point
4. Give two examples of compensating errors. *
1 point
5. What is meant by error of omission? Give any one example. *
1 point
6. What is error of Principle? Give two examples. *
1 point
7. Name four errors which count be disclosed by preparing a Trial balance. *
1 point
8. What is a suspense account? When is it opened? *
1 point
9. On which side of the Trial balance, the following ledger balances will appear:-                                                          I. Purchases Return                                                                   II.  Furniture                                                                      III.Bank Loan                                                                                           IV. Discount allowed                                                                      V.Capital                                                                                                               VI. Drawings                                                                                            VII. Return Inwards                                                                                   VIII. Bill S Receivable *
1 point
10. State Whether the balance of the following accounts should be placed in the debit (or) the       Credit columns of the Trial balance:                                                    (i)  Plant and Machinery                    (ii)  Discount Allowed       (iii) Bank Overdraft                            (iv) Sales                                   (v) Interest Paid                                  (vi) Bad Debts *
1 point
11.  State whether the following accounts will indicate a debit or credit balance:                                                                                                          (i)  Drawings                     (ii) Advance Rent Received        (iii) Bad Debts                   (iv) Sales Return                                              (v) Furniture                      (vi) Bank Overdraft *
1 point
12. Classify the under-mentioned errors into:-                         (a) Error of Omission, (b) Error of Commission,                      (c) Compensating Error, and (d) Error of Principle:-        (I)  Purchased goods from Bhardwaj  on credit for Rs600, but were recorded in the Purchase Book as Rs6,000.                                                                                   (II) Amount paid for the proprietor’s life insurance premium was debited to ‘General Expenses            Account’.                                                                                    (III) Good amounting to Rs2,000 have been returned to Chakravarti, but no entry has been made In the books.(IV)  An excess debit of Rs4,500 has been made in the account of X, whereas Y’s account has Been credited by Rs5,000 instead of Rs500.                                            (V)  Goods sold to suresh for Rs650 were recorded as Rs560 in the sales book.                                                     (VI) Typewriter purchased for office use has been debited to purchases Account.                                       (VII) Wages paid for the construction of building Rs15,000 were recorded in ‘Wages Account’.             (VIII) Goods forRs500 have been taken by the proprietor for his personal use, for which no entry            Has been passed in the books. *
1 point
13. Which of the following errors will affect the trial balance?                                                                                     (i) The Total of the Sales Book has not been posted to the Sales Account.                                                                  (ii) Rs1,000 paid as installation charges of a New machine has been debited to Repairs Account.            (iii) Goods costing Rs4,000 taken by the proprietor for Personal use have been debited to Debtors Account.    (iv)  Rs1,000 paid for repairs to building have been debited to buildings Account, *
1 point
14. What is Trial balance? Does the balancing of this ensure accuracy of books of accounts . *
1 point
OBJECTIVE TYPE QUESTIONS                                                 Choose the best Alternate:                                                                   1.  Which of the following errors is revealed by the Trial Balance: *
1 point
2. Which item shows a debit balance in the Trial balance? *
1 point
3. Which of the following is not an error of commission: *
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4. Which of the following errors will not affect the trial balance: *
1 point
5. Rs10,000 received from Apoorva is credited in the account of Prachi It is an errors of *
1 point
6. which of the following is the error of principle?. *
1 point
7. A Machine is purchased for Rs10,000 which was wrong recorded in purchase account. Due to      This error……….. *
1 point
VERY SHORT ANSWER QUESTIONS                                                           1. What is a Trial Balance? *
1 point
2. Give two objectives of preparing a Trial Balance *
1 point
3. Is a trial balance conclusive proof of the accuracy of the books of Accounts. *
1 point
4. Name two errors which cannot be disclosed by preparing a trial balance. *
1 point
5. What are errors of Omission? *
1 point
6. Give one example of error of Omission. *
1 point
7. What are errors of commissions?                                                                   *
1 point
8. Give one example error of commission. *
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9. What are Compensating Errors? *
1 point
9. What are Compensating Errors? *
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10. Give one example of Compensating error. *
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11. What are Errors of Principle?                                                                     *
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12. Give an example of error of Principle. *
1 point
13. Salary of Rs2,100 paid was posted as Rs2,000 in Salary A/c and Advertisement of Rs7,700 Was posted as Rs7,800. Identify the type of error *
1 point
14. Name the error committed by violating the rules of Accounting. *
1 point
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