Assertion Reason MCQs of Rectification of Errors Class 11 with Answers
Assertion Reason MCQs of Rectification of Errors Class 11 with Answers for CBSE, ISC and State Boards
Assertion (A): ₹ 10,000 received from Disha an an advance against order were credited to Sales A/c. In rectifying entry Sales A/c will be debited and Disha’s A/c will be credited.
Reason (R): Rectifying entry mentioned as above is correct because advance received against order cannot be treated as sales.
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): when two or more errors are committed the net effect of which is nil, such errors are termed compensating errors.
Reason (R): The effect of one error nullifies the effect of another error.
Options:
(a) Assertion (A) and Reason (R) are correct but the Reason (R) is not the correct explanation of Assertion (A)
(b) Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of Assertion (A)
(c) Assertion (A) is correct but the Reason (R) is not correct.
(d) Both, Assertion (A) and Reason (R) are incorrect
Ans – (b)
Assertion (A): Total of purchase return book ₹ 15,000 was posted to the credit of Purchase Return A/c. In the rectifying entry Purchase Return A/c will be debited by ₹ 30,000 and Suspense A/c will be credited.
Reason (R): There will be no rectifying entry since the recording is already correct.
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): Errors of principle will not affect Trial Balance.
Reason (R): Both the aspects (debit & Credit) of a transaction are recorded. Error of Principle involves incorrect treatment of payments/receipts between Capital and Revenue.
Options:
(a) Assertion (A) and Reason (R) are correct but the Reason (R) is not the correct explanation of Assertion (A)
(b) Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of Assertion (A)
(c) Assertion (A) is correct but the Reason (R) is not correct.
(d) Both, Assertion (A) and Reason (R) are incorrect
Ans – (b)
Assertion (A): Credit purchaes from Era ₹ 20,000 were recorded in Sales Book. in the rectifying entry Purchase A/c and Sales A/c will be debited by ₹ 20,000 each and Suspense A/c will be credited by ₹ 40,000.
Reason (R): Era’s A/c will be credited by ₹ 40,000 instead of Suspense A/c since Era’s A/c must have been wrongly debited due to recording in Sales Book.
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): Matched Trial Balance is not a conclusive proof of accuracy of books of accounts.
Reasnon (R): There may be some errors like error of principle, compensating errors, etc., which do not affect the agreement of Trial Balance.
Options:
(a) Assertion (A) and Reason (R) are correct but the Reason (R) is not the correct explanation of Assertion (A)
(b) Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of Assertion (A)
(c) Assertion (A) is correct but the Reason (R) is not correct.
(d) Both, Assertion (A) and Reason (R) are incorrect
Ans – (b)
Assertion (A): Credit Sales to Kiya ₹ 5,000 were recorded in Purchase Book. In the rectifying entry Kiya’s A/c will be debited by ₹ 10,000 and Purchase A/c and Sales A/c will be credited by ₹ 5,000 each.
Reason (R): Rectifying entry mentioned as above is correct Kiya’s A/c will be debited by ₹ 10,000 because her A/c must have been credited beccause of recording in Purchase Book.
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): Salary paid to Ram will be debited to Ram’s Personal Account.
Reason (R): Ram is receiving salary so he should be debited.
Options:
(a) Assertion (A) and Reason (R) are correct but the Reason (R) is not the correct explanation of Assertion (A)
(b) Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of Assertion (A)
(c) Assertion (A) is correct but the Reason (R) is not correct.
(d) Both, Assertion (A) and Reason (R) are incorrect
Ans – (d)
Assertion (A): While making posting rom Sales Return Boook, Sales return from Charu ₹ 6,000 were posted to the debit of her account as ₹ 600. In the rectifying entry Charu’s A/c will be credited by ₹ 5,400.
Reason (R): In the rectifying entry Charu’s A/c will be credited by ₹ 6,600.
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): Errors affecting only one account can be rectified by giving an explanatory note or by passing a Journal entry.
Options:
(a) Assertion (A) and Reason (R) are correct but the Reason (R) is not the correct explanation of Assertion (A)
(b) Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of Assertion (A)
(c) Assertion (A) is correct but the Reason (R) is not correct.
(d) Both, Assertion (A) and Reason (R) are incorrect
Ans – (a)
Assertion (A): An amount of ₹ 5,000 spent on repairs of an old car has been debited to Repairs Account. In the rectifying entry Car A/c will be debited and Repairs A/c will be credied.
Reason (R): No rectifying entry is required since repair of an old car is revenue expenditure and has been correctly debited to Repairs A/c
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): Suspense Account is an account in which the amount of difference in the Trial Balance is placed temporarily.
Reason (R): Suspense Account is opened to avoid delay in the preparation of Final Accounts (financial statements).
Options:
(a) Assertion (A) and Reason (R) are correct but the Reason (R) is not the correct explanation of Assertion (A)
(b) Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of Assertion (A)
(c) Assertion (A) is correct but the Reason (R) is not correct.
(d) Both, Assertion (A) and Reason (R) are incorrect
Ans – (b)
Assertion (A): Suspense Account may show either a debit or credit balance.
Reason (R): Suspense Account always shows a debit 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 – (c)
Assertion (A): All errors affect the agreement of the Trial Balance.
Reason (R): All errors can be rectified by Opening Suspense Account.
Options:
(a) Assertion (A) and Reason (R) are correct but the Reason (R) is not the correct explanation of Assertion (A)
(b) Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of Assertion (A)
(c) Assertion (A) is correct but the Reason (R) is not correct.
(d) Both, Assertion (A) and Reason (R) are incorrect
Ans – (d)
Assertion (A): Loan of ₹ 1,00,000 was given to an employee ‘Sudhir’. Interest received from him ₹ 8,000 was credited to the Account of Sudhir. In the rectifying entry Sudhir will be debited and Loan A/c will be credited.
Reason (R): In the rectifying entry Account of Sudhir will be debited and Interest A/c will be credited.
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): Under or overcasting of a subsidiary book is an example of Error of Commission.
Reason (R): Error of Commission includes error on account of wrong posting, wrong balancing of an account, wrong carry forward, wrong casting, etc., whether of subsidiary book or any other book.
Options:
(a) Assertion (A) and Reason (R) are correct but the Reason (R) is not the correct explanation of Assertion (A)
(b) Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of Assertion (A)
(c) Assertion (A) is correct but the Reason (R) is not correct.
(d) Both, Assertion (A) and Reason (R) are incorrect
Ans – (b)
Assertion (A): If ia Trial Balance does not agree, the difference is entered in Suspense Account.
Reason (R): The difference is entered in Suspense A/c because the difference when located will be debited or credited to Suspense A/c which ultimately become nil.
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): If the amount is posted in the wrong account or it is written on the wrong side of the an account, it is called an Error of Commission.
Reason (R): Error of commission includes error on account of wrong balancing of an account, wrong carry forward, wrong casting, etc. whether of subsidiary book or any other book.
Options:
(a) Assertion (A) and Reason (R) are correct but the Reason (R) is not the correct explanation of Assertion (A)
(b) Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of Assertion (A)
(c) Assertion (A) is correct but the Reason (R) is not correct.
(d) Both, Assertion (A) and Reason (R) are incorrect
Ans – (b)
Assertion (A): Difference in Trial Balance is debited or credited to Suspense Account, which is transferred to Profit and Loss Account.
Reason (R): The Balance of Suspense Account is shown in the Balance Sheet.
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): One sided errors affect trial balance.
Reason (R): One sided errors are not rectified by using Suspsense A/c
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)
