Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans Samiksha, Arshiya and Divya were partners in a firm sharing profits and losses in the ratio of 5 : 3 : 2. With effect from 1st April, 2022, they agreed to share profits and losses in the ratio of 2 : 5 : 3. 1.42K viewsAnurag Pathak Changed status to publish 2 days ago[CBSE] TS Grewal SolutionsAccountancy Class 12thChange in Profit Sharing RatioMCQs (PSR) 0 Votes 1 Ans An accountant of a firm found that his Trial Balance was out (excess credit) by ₹ 742. He placed the amount in a Suspense Account and Subsequently found the following errors: 17 viewsAnurag Pathak Changed status to publish 2 days agoRectificationTS Grewal Class 11 0 Votes 1 Ans The Trial Balance of Shri Ramdass did not agree and the difference in books was carried to a Suspense Account 21 viewsAnurag Pathak Changed status to publish 2 days agoRectificationTS Grewal Class 11 0 Votes 1 Ans Rectify the following errors found in the books of Bheem. Trial Balance had ₹ 930 excess credit. The difference has been posted to a Suspense Account: 23 viewsAnurag Pathak Changed status to publish 2 days agoRectificationTS Grewal Class 11 0 Votes 0 Ans Trial Balance of a bookkeeper shows an excess of debits over credits by ₹ 261. This difference is placed in a Suspense Account to facilitate books closure 16 viewsAnurag Pathak Changed status to publish 2 days agoRectificationTS Grewal Class 11 0 Votes 1 Ans The accountant of a firm finds that the Trial Balance as on 31st March, 2023 is out by an excess debit of ₹ 283. He placed the amount in the Suspense Account 17 viewsAnurag Pathak Changed status to publish 2 days agoRectificationTS Grewal Class 11 0 Votes 1 Ans There was an error in the Trial Balance of Ram Gopal on 31st March, 2023 and the difference in books was carried to the Suspense Account 19 viewsAnurag Pathak Changed status to publish 2 days agoRectificationTS Grewal Class 11 0 Votes 1 Ans Rajesh drew a Trial Balance for the year ended 31st March, 2023, There was a difference which he closed through Suspense Account 26 viewsAnurag Pathak Changed status to publish 2 days agoRectificationTS Grewal Class 11 0 Votes 1 Ans The Trial Balance of M/s Gupta & Sons shows a difference of ₹ 52,200. To prepare the Final Account on 31st March, 2003, this difference is placed in a Suspense Account. 20 viewsAnurag Pathak Changed status to publish 2 days agoRectificationTS Grewal Class 11 0 Votes 1 Ans There was a difference of ₹ 720 in the Trial Balance which has been transferred to the credit side of the Supense Account. Pass the rectifying entries and prepare a Suspense Account to rectify the following errors: 27 viewsAnurag Pathak Changed status to publish 2 days agoRectificationTS Grewal Class 11 0 Votes 1 Ans A Trial Balance disclosed a difference of ₹ 417 placed on the credit side of the Suspense Account. Later on the following errors were located: 15 viewsAnurag Pathak Changed status to publish 2 days agoRectificationTS Grewal Class 11 0 Votes 1 Ans There was a difference in the Trial Balance of M/s Jain & Sons, prepared for the year ended 31st March, 2009. The accountant put the difference in Suspense Account. 15 viewsAnurag Pathak Changed status to publish 2 days agoRectificationTS Grewal Class 11 0 Votes 1 Ans Repairs to plant amounting to ₹ 2,000 had been charged to Plant and Machinery Account. ass the rectification entries for the following transactions: 25 viewsAnurag Pathak Changed status to publish 2 days agoRectificationTS Grewal Class 11 0 Votes 1 Ans An amount of ₹ 2,000 received from Mohan on 1st April, 2023 had been entered in the Cash Book as having been received on 31st March, 2023. 18 viewsAnurag Pathak Changed status to publish 2 days agoRectificationTS Grewal Class 11 0 Votes 1 Ans While trying to close his books for the year ended 31st March, 2014, Mahesh found that the Trial Balance did not agree. He traced the following errors: 23 viewsAnurag Pathak Changed status to publish 2 days agoRectificationTS Grewal Class 11 0 Votes 1 Ans A sum of ₹ 470 received from Ganga was posted to her debit as ₹ 740. Rectify the following errors by passing Journal entries: 15 viewsAnurag Pathak Changed status to publish 2 days agoRectificationTS Grewal Class 11 0 Votes 1 Ans Rectify the following errors: The total of one page of Sales Book was carried forward as ₹ 371 instead of ₹ 317. 25 viewsAnurag Pathak Changed status to publish 2 days agoRectificationTS Grewal Class 11 0 Votes 1 Ans Give the Journal entries to rectify the following errors: Purchase book was overcasted by ₹ 1,000. 26 viewsAnurag Pathak Changed status to publish 2 days agoRectificationTS Grewal Class 11 0 Votes 1 Ans Rectify the following errors: Sale of old furniture worth ₹ 3,000 treated as sales of goods. 17 viewsAnurag Pathak Changed status to publish 2 days agoRectificationTS Grewal Class 11 0 Votes 1 Ans Wages paid for the construction of office debited to the Wages Account, ₹ 5,000 Rectify the following errors: 21 viewsAnurag Pathak Changed status to publish 2 days agoRectificationTS Grewal Class 11 1 2 … 78 79 Question and answer is powered by anspress.net
