Ask question Search Order By: ActiveCategoryClear Filter 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 3.72K 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 4.19K 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: 3.50K 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 3.98K 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 4.74K 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 4.10K 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: 2.85K 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. 3.97K 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. 3.17K 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. 3.67K 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 3.34K 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 3.65K 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 3.05K viewsAnurag Pathak Changed status to publish October 26, 2023Rectification 0 Votes 1 Ans Following errors affecting the accounts for the year ended 31st March, 2022 were identified in the books of Das & Co., Meerut 2.95K viewsAnurag Pathak Changed status to publish October 26, 2023Rectification 0 Votes 1 Ans Sales of goods of ₹ 6,000 to Madan were recorded as ₹ 600 in the Sales Book 2.78K viewsAnurag Pathak Changed status to publish October 26, 2023Rectification 0 Votes 1 Ans Sale of goods ₹ 6,000 to Mohan was recorded as ₹ 600 in the Sales Book 3.75K viewsAnurag Pathak Changed status to publish October 26, 2023Rectification 0 Votes 1 Ans Pass Journal entries to rectify the following errors | Credit sale to Ram ₹ 170 credited to his account as ₹ 710. 3.63K viewsAnurag Pathak Changed status to publish October 26, 2023Rectification 0 Votes 1 Ans A purchase of ₹ 5,000 from Ram was omitted to be entered in the Purchases Book 2.86K viewsAnurag Pathak Changed status to publish October 26, 2023Rectification 0 Votes 1 Ans An amount of ₹ 5,000 debited as depreciation on furniture has not been posted to the Depreciation Account 2.99K viewsAnurag Pathak Changed status to publish October 26, 2023Rectification 0 Votes 1 Ans Correct the following errors in Hari’s Books: A credit sale of ₹ 132 to R. Krishan correctly entered in Sales Journal but posted to his account as ₹ 312 2.45K viewsAnurag Pathak Changed status to publish October 26, 2023Rectification 0 Votes 1 Ans Correct the following errors in Mohan Lal’s Book: A sum of ₹ 1,500 written off as depreciation on furniture has not been debited to the Depreciation Account 2.33K viewsAnurag Pathak Changed status to publish October 26, 2023Rectification 0 Votes 1 Ans Sales of ₹ 20,000 to Manoj were recorded as ₹ 2,000 in the Sales Book 2.68K viewsAnurag Pathak Changed status to publish October 26, 2023Rectification 0 Votes 1 Ans Correct the following errors in Mohan Lal’s Book: A payment of ₹ 5,000 for salaries (to Ram has been posted twice to the Salaries Account 2.97K viewsAnurag Pathak Changed status to publish October 26, 2023Rectification 0 Votes 1 Ans Goods purchased from Kunal for ₹ 8,000 and from Kapil of ₹ 9,000 recorded correctly in the Purcahses Book. However, ₹ 9,000 was posted to Kunal and ₹ 8,000 to Kapil 3.18K viewsAnurag Pathak Changed status to publish October 26, 2023Rectification 0 Votes 1 Ans Goods returned by Mohan of ₹ 1,500 not recorded in books 2.62K viewsAnurag Pathak Changed status to publish October 26, 2023Rectification « Previous 1 2 … 113 114 115 116 117 … 176 177 Next » Question and answer is powered by anspress.net
