Assertion Reason MCQs of Trial Balance Class 11 with Answers

Assertion Reason MCQs of Trial Balance Class 11 with Answers for CBSE, ISC and State Boards

Assertion (A): Trial Balance is a part of Double Entry System.

Reason (R): It helps in preparation of final accounts.

Options:

(a) Both (A) and (R) are true and (R) is the correct explanation of (A)
(b) Both (A) and (R) are true but (R) is not the correct explanation of (A)
(c) (A) is true, but (R) is false
(d) (A) is false, but (R) is true

Ans – (d)

Assertion (A): Trial Balance is a statement of accounts having balances.

Reason (R): Total of the two sides should match since Double Entry System of Accounting is followed

Options:

(a) Both Assertion (A) and Reason (R) are correct but Reason (R) is not the correct explanation of the Assertion (A).
(b) Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of the Assertion (A).
(c) Both Assertion (A) and Reason (R) are not correct.
(d) Assertion (A) is correct but Reason (R) is not correct.

Ans – (a)

Assertion (A): Trial Balance is an account, prepred with debit and credit balances of ledger accounts.

Reason (R): Trial Balance is prepared to test the arithmetical accuracy of books of accounts.

Options:

(a) Both (A) and (R) are true and (R) is the correct explanation of (A)
(b) Both (A) and (R) are true but (R) is not the correct explanation of (A)
(c) (A) is true, but (R) is false
(d) (A) is false, but (R) is true

Ans – (d)

Assertion (A): Trial Balance is prepared by posting the entries and taking balances of the Ledger Accounts.

Reason (R): Trial Balance is the Statement of Accounts havnig balances

Options:

(a) Both Assertion (A) and Reason (R) are correct but Reason (R) is not the correct explanation of the Assertion (A).
(b) Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of the Assertion (A).
(c) Both Assertion (A) and Reason (R) are not correct.
(d) Assertion (A) is correct but Reason (R) is not correct.

Ans – (b)

Assertion (A): Trial Balance is prepared for a particular period and not on a particular date.

Reason (R): Errors of omission do not affect the trial balance

Options:

(a) Both (A) and (R) are true and (R) is the correct explanation of (A)
(b) Both (A) and (R) are true but (R) is not the correct explanation of (A)
(c) (A) is true, but (R) is false
(d) (A) is false, but (R) is true

Ans – (d)

Assertion (A): It is essential to draw Trial Balance before preparng the financial statements.

Reason (R): Trial Balance is the Statement of Accounts having balances but does not assist in preparing the financial staatements.

Options:

(a) Both Assertion (A) and Reason (R) are correct but Reason (R) is not the correct explanation of the Assertion (A).
(b) Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of the Assertion (A).
(c) Both Assertion (A) and Reason (R) are not correct.
(d) Assertion (A) is correct but Reason (R) is not correct.

Ans – (d)

Assertion (A): If a wrong amount is entered either in the Journal or in the Subsidiary Books, it is called error of commission.

Reason (R): If the effect of one error is neutralised by the effect of some other error, it is called compensating error.

Options:

(a) Both (A) and (R) are true and (R) is the correct explanation of (A)
(b) Both (A) and (R) are true but (R) is not the correct explanation of (A)
(c) (A) is true, but (R) is false
(d) (A) is false, but (R) is true

Ans – (b)

Assertion (A): Purchases Account and Sales Return Account always have credit balance.

Reason (R): Sales Account and Purchases Return Account always have debit balance.

Options:

(a) Both Assertion (A) and Reason (R) are correct but Reason (R) is not the correct explanation of the Assertion (A).
(b) Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of the Assertion (A).
(c) Both Assertion (A) and Reason (R) are not correct.
(d) Assertion (A) is correct but Reason (R) is not correct.

Ans – (c)

Assertion (A): If amount spent on repair of an old machinery is debited to machinery account it is called error of principle.

Reason (R): If goods sold to Kashmiri Lal for ₹ 4,200 is entered in the Journal as ₹ 2,400 it is an error of principle.

Options:

(a) Both (A) and (R) are true and (R) is the correct explanation of (A)
(b) Both (A) and (R) are true but (R) is not the correct explanation of (A)
(c) (A) is true, but (R) is false
(d) (A) is false, but (R) is true

Ans – (c)

Assertion (A): Total of two sides of a trial balance should be same.

Reason (R): Double Entry System of Accounting is followed resulting in two sides being equal.

Options:

(a) Both Assertion (A) and Reason (R) are correct but Reason (R) is not the correct explanation of the Assertion (A).
(b) Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of the Assertion (A).
(c) Both Assertion (A) and Reason (R) are not correct.
(d) Assertion (A) is correct but Reason (R) is not correct.

Ans – (b)

Assertion (A): When the rules of double entry are not strictly followed the errors caused are called errors of principle.

Reason (R): Errors of principle are committed in those cases where a proper distinction bteween capital and revenue items is not made.

Options:

(a) Both (A) and (R) are true and (R) is the correct explanation of (A)
(b) Both (A) and (R) are true but (R) is not the correct explanation of (A)
(c) (A) is true, but (R) is false
(d) (A) is false, but (R) is true

Ans – (a)

Assertion (A): Financial statements can be prepared without preparing the Trial Balance.

Reason (R): Financial Statements show financial performance and financial position of the firm.

Options:

(a) Both Assertion (A) and Reason (R) are correct but Reason (R) is not the correct explanation of the Assertion (A).
(b) Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of the Assertion (A).
(c) Both Assertion (A) and Reason (R) are not correct.
(d) Assertion (A) is correct but Reason (R) is not correct.

Ans – (b)

Assertion (A): Rent paid to Landlord if posted to Landrod’s Account will be an error of commission.

Reason (R): Purchase of goods for ₹ 5,000 if recorded in Purchase Book as ₹ 5,500 will also be an error of commission.

Options:

(a) Both (A) and (R) are true and (R) is the correct explanation of (A)
(b) Both (A) and (R) are true but (R) is not the correct explanation of (A)
(c) (A) is true, but (R) is false
(d) (A) is false, but (R) is true

Ans – (b)

Assertion (A): When the Trial Balance does not agree, the difference is transferred to Capital Account.

Reason (R): Trial Balance contains the balances of all accounts whether personal, real or nominal.

Options:

(a) Both (A) and (R) are true and (R) is the correct explanation of (A)
(b) Both (A) and (R) are true but (R) is not the correct explanation of (A)
(c) (A) is true, but (R) is false
(d) (A) is false, but (R) is true

Ans – (d)

Assertion (A): ₹ 5,000 received from Tulsi were credited to Khushi is not an error of principle.

Reason (R): Credit sale to Raghu recorded as sale to Manu is an error of principle.

Options:

(a) Both (A) and (R) are true and (R) is the correct explanation of (A)
(b) Both (A) and (R) are true but (R) is not the correct explanation of (A)
(c) (A) is true, but (R) is false
(d) (A) is false, but (R) is true

Ans – (c)

Assertion (A): Errors of posting to the wrong side of an account will be disclosed by preparing a Trial Balance.

Reason (R): If ₹ 10,000 received from Tanu is posted to the debit side of her account, the error will be disclosed by preparing a Trial Balance.

Options:

(a) Both (A) and (R) are true and (R) is the correct explanation of (A)
(b) Both (A) and (R) are true but (R) is not the correct explanation of (A)
(c) (A) is true, but (R) is false
(d) (A) is false, but (R) is true

Ans – (a)