Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans Rajesh Kumar was unable to reconcile his Trial Balance as on 31st March 2024 and has opened a suspense account from the difference. Later on the following errors were discovered 4 viewsAnurag Pathak Answered question 1 minute agoDk Rectification of Errors 0 Votes 1 Ans There was an error in the Trial Balance of Mr. Steel on 31st March, 2024, and the difference in Books was carried to a Suspense Account. On going through the Books you find that: 3 viewsAnurag Pathak Answered question 3 minutes agoDk Rectification of Errors 0 Votes 1 Ans Trial Balance of Madan did not agree and he put the difference to Suspense Account. He discovered the following errors: 3 viewsAnurag Pathak Answered question 5 minutes agoDk Rectification of Errors 0 Votes 1 Ans Trial Balance of Anuj did not agree. It showed an excess credit of ₹ 6,000. He put the difference to Suspense Account. He discovered the following errors. 3 viewsAnurag Pathak Answered question 7 minutes agoDk Rectification of Errors 0 Votes 1 Ans The accountant of X prepared the Trial Balance at the end of the year on 31st March, 2024. But there was a difference and the accountant put the difference in a Suspense Account. Rectify the following errors found and prepare the Suspense Account: 3 viewsAnurag Pathak Answered question 10 minutes agoDk Rectification of Errors 0 Votes 1 Ans A book-keeper finds that the debit side of the trial balance is short of ₹ 308 and so far the time being, he balances the side by putting the difference to suspense account. Subsequently, the following errors were disclosed 3 viewsAnurag Pathak Answered question 12 minutes agoDk Rectification of Errors 0 Votes 1 Ans The Trial Balance prepared by a Book-Keeper showed a difference of ₹ 1,006 which was placed in a newly opened Suspense Account and carried forward to the next year, when the following errors were discovered 3 viewsAnurag Pathak Answered question 14 minutes agoDk Rectification of Errors 0 Votes 1 Ans A Book-keeper failed to balance his trial balance, the credit side exceeding the debit side by ₹ 175. This amount was entered in a Suspense Account. Later on the under mentioned errors were discovered 3 viewsAnurag Pathak Answered question 16 minutes agoDk Rectification of Errors 0 Votes 1 Ans In taking out the Trial Balance, book-keeper finds that he is out ₹ 3,809 excess debit. Being desirous of closing his books he places the difference to a newly opened Suspense A/c which is carried forward. In the next period he discovered that 8 viewsAnurag Pathak Answered question 18 minutes agoDk Rectification of Errors 0 Votes 1 Ans There was a difference of ₹ 430 in a Trial Balance. It was placed on the Debit side of a Suspense A/c. Later on the following errors were discovered. Pass rectifying entries and prepare Suspense A/c 8 viewsAnurag Pathak Answered question 20 minutes agoDk Rectification of Errors 0 Votes 1 Ans Rectify the following errors assuming that Suspense Account was opened. Ascertain the difference in Trial Balance. 8 viewsAnurag Pathak Answered question 22 minutes agoDk Rectification of Errors 0 Votes 1 Ans Rectify the following errors assuming: that no suspense account has been opened with difference in the trial balance. 9 viewsAnurag Pathak Changed status to publish 24 minutes agoDk Rectification of Errors 0 Votes 1 Ans Rectify the following errors which were detected before preparing the Trial Balance: Purchase book has been overcast by ₹ 1,000. 10 viewsAnurag Pathak Changed status to publish 29 minutes agoDk Rectification of Errors 0 Votes 1 Ans Rectify the following errors which were detected before preparing the Trial Balance: The total of Sales Book carried forward ₹ 5,000 less. 9 viewsAnurag Pathak Changed status to publish 30 minutes agoDk Rectification of Errors 0 Votes 1 Ans Pass rectifying entries: ₹ 5,000, being the cost of a Radio purchased for the personal use of the proprietor has been debited to Radio account in the ledger. 8 viewsAnurag Pathak Answered question 35 minutes agoDk Rectification of Errors 0 Votes 1 Ans Rectify the following errors: ₹ 4,500 spent on the extension of Buildings were debited to Repairs A/c. 8 viewsAnurag Pathak Answered question 36 minutes agoDk Rectification of Errors 0 Votes 1 Ans Pass Journal Entries to rectify the following errors: Machinery purchased for ₹ 5,000 has been debited to Purchases A/c. 8 viewsAnurag Pathak Answered question 39 minutes agoDk Rectification of Errors 0 Votes 1 Ans Rectify the following errors: Furniture purchased for ₹ 10,000 wrongly debited to Purchases Account 8 viewsAnurag Pathak Answered question 41 minutes agoDk Rectification of Errors 0 Votes 1 Ans Rectify the following errors: A sale of goods to Ramakant for ₹ 10,000 was passed through the Purchases Book. 8 viewsAnurag Pathak Answered question 42 minutes agoDk Rectification of Errors 0 Votes 1 Ans Give Journal Entries to rectify the following errors: Goods purchased from Meena for ₹ 13,000 were recorded in Sales Book by mistake. 8 viewsAnurag Pathak Answered question 45 minutes agoDk Rectification of Errors 0 Votes 1 Ans Rectify the following errors: Sold old furniture to A for ₹ 11,500 was passed through the Sales Book. 8 viewsAnurag Pathak Answered question 46 minutes agoDk Rectification of Errors 0 Votes 1 Ans Rectify the following errors: Goods for ₹ 11,000 were purchased from Sheila Garments on credit, but not entry has yet been passed. 8 viewsAnurag Pathak Answered question 48 minutes agoDk Rectification of Errors 0 Votes 1 Ans Give rectifying entries for the following: A credit sales of goods to Ram ₹ 25,000 has been wrongly passed through the ‘Purchases Book’. 8 viewsAnurag Pathak Answered question 50 minutes agoDk Rectification of Errors 0 Votes 1 Ans Rectify the following errors: Credit Sales to Mridula ₹ 50,000 were recorded as ₹ 54,000 8 viewsAnurag Pathak Answered question 52 minutes agoDk Rectification of Errors 0 Votes 1 Ans Rectify the following errors: Credit sales to Mridula ₹ 50,000 were recorded as ₹ 5,000. 8 viewsAnurag Pathak Answered question 54 minutes agoDk Rectification of Errors 1 2 … 183 184 Question and answer is powered by anspress.net
