11th Accountancy Monthly Test - 2 ( Rectification of Errors )

MABS Institution

11th Accountancy Monthly Test - 2 ( Rectification of Errors )-Aug 2020

Time : 2.30 Hours

Part - A

Multiple Choice Question - Answer All Question

Goods taken by the Proprietor for domestic use should be credited to ______________

Proprietor's drawings account
Sales account
Purchases account
Suspense account

Wages paid to workers for the installation of a new machinery should be debited to :

Wages account
Factory expenses account
Machinery account
Proprietor's account

Suspense account balance will be shown in the _____________

Trading account
Profit and loss account
Balance sheet
Final account

Errors which affect one side of an account are called.

Single sided errors
Double sided errors
Both
None of the above

The difference in trial balance is taken to

The capital account
The trading account
The suspense account
The profit and loss account

When one or both aspects of a transaction are recorded in the wrong category of an account this is called_________.

Error of principle
Error of Omission
Error of Commission
Error of original entry

The total of purchases book was overcast. Which of the following accounts should be debited in the rectifying journal entry?

Purchases account
Suspense account
Creditor account
None of the above

Wages paid for installation of machinery wrongly debited to wages account is an error of

Partial omission
Principle
Complete omission
Duplication

The errors that make up for each other or neutralise each other are known as _______________

Compensating Errors
Rectifying Errors
Both
None of these

The failure of the accountant to record a transaction in the books of accounts is known as ________________

error of omission
error of complete omission
error of partial omission
errors of principle

Part - B

Generic 2 - Answer All Question

What is meant by rectification of errors?

The following errors were located after the preparation of trial balance. Pass journal entries to rectify them. Assume that there exists a suspense account.
(a) The total of sales book was undercast by Rs.350.
(b) The total of the discount column on the debit side of cash book Rs.420 was not posted.
(c) The total of one page of the purchases book of Rs.5,353 was carried forward to the next page as Rs.5,533.
(d) Salaries Rs.2,400 was posted as Rs.24,000.
(e) Purchase of goods from Sembiyanmadevi on credit for Rs.180 was posted to her account as Rs.1,800

What is meant by error of complete omission?

Rectify the following errors after preparation of trial balance:
(a) Salary paid to Ram Rs.1,000 was wrongly debited to his personal account.
(b) A credit sale of goods to Balu for Rs.450 was debited to Balan.

The following errors were detected before preparation of trial balance. Rectify them.
(a) The total of rent received account is carried forward Rs 900 short.
(b) The total of rent received account is carried forward Rs 1,000 excess.
(c) The total of salary account is carried forward Rs 1,100 short.
(d) The total of salary account is carried forward Rs 1,200 excess

Rectify the following errors discovered before the preparation of the trial balance:
(a) Sales book was undercast by Rs.100
(b) Purchases returns book was overcast by Rs.200

Rectify the following errors discovered after the preparation of the trial balance:
(a) Rent paid was carried forward to the next page Rs.500 short.
(b) Wages paid was carried forward Rs.250 excess.

Part - C

Generic 3 - Answer All Question

Write a note on one-sided errors and two sided errors.

The following errors were located at the time of preparation of the trial balance. Pass rectifying entries.
(a) Goods of the value of Rs 100 returned by Bhuvana were included in stock, but no entry was made in the books.
(b) Sale of goods to Mani on credit for Rs 475 has been wrongly entered in the sales book as Rs 745.
(c) A cheque of Rs 500 received from Sandhiya was dishonoured and debited to allowances account.
(d) A sum of Rs 300 drawn by the proprietor for personal use was debited to wages account.

The Accountant in a firm committed the following errors.
(a) Rent paid to landlord Rs 12,600 was debited to the Landlord's personal account.
(b) Sold Computer for Rs 6,000 was entered in sales account.
(c) Cash drawn by the proprietor for his personal use Rs 7,400 was debited to Trade expenses account.
(d) Repairs to machinery Rs 500 was passed through the Machinery account. Rectify the above errors.

What are the errors disclosed by a trial balance?

What are the types of errors at the stage of posting?

What are the types of errors at the stage of preparing trial balance?

Rectify the following errors.
(i) The Sales book of December was added short by Rs 500.
(ii) A periodical total of the Purchases book was short by Rs 5,000.
(iii) The total of Purchases return Book has been undercast by Rs 1,500.
(iv) The Sales return book is added Rs 200 short.

Part - D

Generic 5 - Answer All Question

The book-keeper of a firm found that the trial balance was out by Rs.922 (excess credit).He placed the amount in the suspense account and subsequently found the following errors:
(a) The total of discount column on the credit side of the cash book Rs.78 was not posted in the ledger.
(b) The total of purchases book was short by Rs.1,000.
(c) A credit sale of goods to Natarajan for Rs.375 was entered in the sales book as Rs.735.
(d) A credit sale of goods to Mekala for Rs.700 was entered in the purchases book.
You are required to give rectification entries and prepare suspense account.

A book-keeper finds that the debit column of the trial balance is short by Rs.308 and the difference is put to a suspense account. Subsequently, the following errors were located.
(a) An entry for sale of goods on credit for Rs 102 to Mekala was posted to her account as Rs.120.
(b) Rs.100 being the monthly total of discount allowed to customers was credited to discount received account in the ledger.
(c) Rs.275 paid by Mannan was credited to Kannan account.
(d) Rs. 26 appearing in the cash book as paid for the purchase of stationery for office use has not been posted to ledger.
(e) The purchases book was undercast by Rs.100.
Rectify the errors and prepare suspense account.

A Book keeper found his trial balance not balanced placed the difference amount in the suspense account and subsequently found the following errors :
(a) Sales book was overcast by Rs 1,500.
(b) Rs 2,900 received from Vani in full settlement of his account of Rs 3,000 was posted in cash book but omitted to be entered in her account.
(c) The total of the sales book Rs 12,000 was debited to sales returns account.
(d) Rs 1,000 received as interest was credited to interest account as Rs 100.

An accountant could not tally the trial balance. The Difference of Rs 520 was temporarily placed to the credit of suspense account arid subsequently found the following errors.
(a) The total of the Discount column on the credit side of the cash book Rs 230 was not posted in the ledger.
(b) The total of the Discount column on the debit side of the cash book Rs 150 was omitted to be posted in the ledger.
(c) The total of the Purchases book was short by Rs 600.
(d) A sale of Rs 675 to Kannan was entered in the sales book as Rs 975.
(e) A sale of Rs 500 to Vimal has been entered in the purchase book.
Rectify the above errors through suspense account. Also give journal entries for rectification.
Rectify the following errors which were located at the time of preparing the trial balance:
(a) The total of the discount column on the debit side of the cash book of Rs.225 was posted twice.
(b) Goods of the value of Rs.75 returned by Ponnarasan was not posted to his account.
(c) Cash received from Yazhini Rs.1,000 was not posted.
(d) Interest received Rs.300 has not been posted.
(e) Rent paid Rs.100 was posted to rent account as Rs.10.

Pass journal entries to rectify the following errors located after the preparation of the trial balance. Assume that there exists a suspense account.
(a) The total of sales book was undercast by Rs 2,000.
(b) The purchase of machinery for Rs 3,000 was entered in the purchases book.
(c) A credit sale of goods for Rs 450 to Mathi was posted in his account as Rs 540.
(d) The purchases returns book was overcast by Rs 200.
(e) The total of sales book Rs 1,122 were wrongly posted in the ledger as Rs 1,222.

The books of Raman did not agree. The accountant placed the difference of Rs.1,270 to the debit of suspense account. Rectify the following errors and prepare the suspense account:
(a) Goods taken by the proprietor for his personal use Rs.75 was not entered in the books.
(b) A credit sale of goods to Shanmugam for Rs.430 was credited to his account as Rs 340.
(c) A purchase of goods on credit for Rs.400 from Vivek was entered in the sales book. However, Vivek’s account was correctly credited.
(d) The total of the purchases returns book Rs.300 was not posted.

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11th Accountancy Monthly Test - 2 ( Rectification of Errors )

MABS Institution

11th Accountancy Monthly Test - 2 ( Rectification of Errors )-Aug 2020

Part - A

Multiple Choice Question - Answer All Question

Goods taken by the Proprietor for domestic use should be credited to ______________

Wages paid to workers for the installation of a new machinery should be debited to :

Suspense account balance will be shown in the _____________

Errors which affect one side of an account are called.

The difference in trial balance is taken to

When one or both aspects of a transaction are recorded in the wrong category of an account this is called_________.

The total of purchases book was overcast. Which of the following accounts should be debited in the rectifying journal entry?

Wages paid for installation of machinery wrongly debited to wages account is an error of

The errors that make up for each other or neutralise each other are known as _______________

The failure of the accountant to record a transaction in the books of accounts is known as ________________

Part - B

Generic 2 - Answer All Question

What is meant by rectification of errors?

What is meant by error of complete omission?

Rectify the following errors after preparation of trial balance: (a) Salary paid to Ram Rs.1,000 was wrongly debited to his personal account. (b) A credit sale of goods to Balu for Rs.450 was debited to Balan.

Rectify the following errors discovered before the preparation of the trial balance: (a) Sales book was undercast by Rs.100 (b) Purchases returns book was overcast by Rs.200

Rectify the following errors discovered after the preparation of the trial balance: (a) Rent paid was carried forward to the next page Rs.500 short. (b) Wages paid was carried forward Rs.250 excess.

Part - C

Generic 3 - Answer All Question

Write a note on one-sided errors and two sided errors.

What are the errors disclosed by a trial balance?

What are the types of errors at the stage of posting?

What are the types of errors at the stage of preparing trial balance?

Rectify the following errors. (i) The Sales book of December was added short by Rs 500. (ii) A periodical total of the Purchases book was short by Rs 5,000. (iii) The total of Purchases return Book has been undercast by Rs 1,500. (iv) The Sales return book is added Rs 200 short.

Part - D

Generic 5 - Answer All Question

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Rectify the following errors after preparation of trial balance:
(a) Salary paid to Ram Rs.1,000 was wrongly debited to his personal account.
(b) A credit sale of goods to Balu for Rs.450 was debited to Balan.

Rectify the following errors discovered before the preparation of the trial balance:
(a) Sales book was undercast by Rs.100
(b) Purchases returns book was overcast by Rs.200

Rectify the following errors discovered after the preparation of the trial balance:
(a) Rent paid was carried forward to the next page Rs.500 short.
(b) Wages paid was carried forward Rs.250 excess.

Rectify the following errors.
(i) The Sales book of December was added short by Rs 500.
(ii) A periodical total of the Purchases book was short by Rs 5,000.
(iii) The total of Purchases return Book has been undercast by Rs 1,500.
(iv) The Sales return book is added Rs 200 short.