Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans X, a retailer, has not kept proper books of account but it has been possible to obtain the following details: 3.32K viewsAnurag Pathak Changed status to publish October 28, 2023Incomplete Records 0 Votes 1 Ans On 1st April, 2022, Shiv started a business with ₹ 40,000 as his capital. On 31st March, 2023, his position was as follows 3.21K viewsAnurag Pathak Changed status to publish October 28, 2023Incomplete Records 0 Votes 1 Ans Kuldeep, a general merchant, keeps his accounts on Single Entry System. He wants to know the results of his business on 31st March, 2023 and for that the following information is available 3.46K viewsAnurag Pathak Changed status to publish October 28, 2023Incomplete Records 0 Votes 1 Ans Shiv maintains his books of account on Single Entry System. His books provide the following information 3.22K viewsAnurag Pathak Changed status to publish October 28, 2023Incomplete Records 0 Votes 1 Ans Prashad keeps his books on Single Entry System, and from them and the particulars, supplied, the following figures were gathered on 31st March, 2023 3.00K viewsAnurag Pathak Changed status to publish October 28, 2023Incomplete Records 0 Votes 1 Ans Kapil started his business on 1st April, 2022 with a Capital of ₹ 10,000. On 31st March, 2023, his assets were: 2.92K viewsAnurag Pathak Changed status to publish October 28, 2023Incomplete Records 0 Votes 1 Ans Ranjeet maintains books of account on Single Entry System. He gives you the following information: 2.39K viewsAnurag Pathak Changed status to publish October 28, 2023Incomplete Records 0 Votes 1 Ans Capital of Gaurav in the beginning of the year was ₹ 70,000. During the year his business earned a profit of ₹ 20,000 2.82K viewsAnurag Pathak Changed status to publish October 28, 2023Incomplete Records 0 Votes 1 Ans The following information of an accounting year is given: Opening Capital ₹ 60,000; Drawings ₹ 5,000; Capital added during the year ₹ 10,000 and Closing Capital ₹ 90,000 2.85K viewsAnurag Pathak Changed status to publish October 28, 2023Incomplete Records 0 Votes 1 Ans A Trial Balance disclosed a difference of ₹ 217 placed on the credit side of the Suspense Account. Later on the following errors were located 4.02K viewsAnurag Pathak Changed status to publish October 26, 2023Rectification 0 Votes 1 Ans The Trial Balance extracted from the books of Anil on 31st March, 2022 did not agree. The difference was transferred to a Suspense Account 3.36K viewsAnurag Pathak Changed status to publish October 26, 2023Rectification 0 Votes 1 Ans An accountant while balancing his books found that there was a difference of ₹ 860 in the Trial Balance 3.78K viewsAnurag Pathak Changed status to publish October 26, 2023Rectification 0 Votes 1 Ans The Trial Balance of M/s. Gupta & Sons shows a difference of ₹ 52,200. To prepare the Final Accounts on 31st March, 2022, this difference is placed in a Suspense Account 3.70K viewsAnurag Pathak Changed status to publish October 26, 2023Rectification 0 Votes 1 Ans You are presented with a Trial Balance showing a difference which has been carried to the Suspense Account and the following errors are subsequently identified 4.16K viewsAnurag Pathak Changed status to publish October 26, 2023Rectification 0 Votes 1 Ans The following mistakes were identified in the books of a firm after its books were closed and a Suspense Account was opened in order to match Trial Balance: 3.47K viewsAnurag Pathak Changed status to publish October 26, 2023Rectification 0 Votes 1 Ans The 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 3.95K viewsAnurag Pathak Changed status to publish October 26, 2023Rectification 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 4.72K viewsAnurag Pathak Changed status to publish October 26, 2023Rectification 0 Votes 1 Ans The Trial Balance of Rajesh did not agree and the difference in books was carried to a Suspense Account 4.07K viewsAnurag Pathak Changed status to publish October 26, 2023Rectification 0 Votes 1 Ans There was an error in the Trial Balance of Ram Gopal on 31st March, 2022, and the differnece in books was carried to the Suspense Account. On going through the books, you find that: 2.83K viewsAnurag Pathak Changed status to publish October 26, 2023Rectification 0 Votes 1 Ans Pass Rectifying Journal entries: Sale of goods to Raja Ram for ₹ 2,500 was passed through the Purchases Book. 3.95K viewsAnurag Pathak Changed status to publish October 26, 2023Rectification 0 Votes 1 Ans Rectify the following errors: Wages paid for the construction of office debited to the Wages Account ₹ 6,000. 3.15K viewsAnurag Pathak Changed status to publish October 26, 2023Rectification 0 Votes 1 Ans Rectify the following errors: A credit sale of old furniture to Gaurav for ₹ 5,000 omitted to be posted. 3.66K viewsAnurag Pathak Changed status to publish October 26, 2023Rectification 0 Votes 1 Ans Pass rectifying Journal entries: Cheque of ₹ 25,000 paid to K. Raj was debited to P. Raj’s Account 3.33K viewsAnurag Pathak Changed status to publish October 26, 2023Rectification 0 Votes 1 Ans Pass Journal entries to rectify the errors in the following cases: A purchases of goods from David amounting to ₹ 150 has been wrongly passed through the Sales Book 3.64K viewsAnurag Pathak Changed status to publish October 26, 2023Rectification 0 Votes 1 Ans How will you rectify the following errors: ₹ 500 spent on building repairs has been debited to the Building Account 3.02K viewsAnurag Pathak Changed status to publish October 26, 2023Rectification « Previous 1 2 … 112 113 114 115 116 … 175 176 Next » Question and answer is powered by anspress.net
