Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans During the course of an accounting year, the accountant prepared a trial balance which did not tally. He put the difference in a suspense account. Subsequently, he located the following errors in his books of account: 20 viewsAnurag Pathak Answered question 9 hours agoDk Rectification of Errors 0 Votes 1 Ans Rectify the following errors by means of Journal entries: A cheque of ₹ 5,000 received from Ashish was dishonoured and was debited to Discount Account. 34 viewsAnurag Pathak Edited answer 9 hours agoDk Rectification of Errors 0 Votes 1 Ans Rectify the following errors: The Sales Book has been totalled ₹ 1,000 short. 67 viewsAnurag Pathak Answered question 3 days agoDk Rectification of Errors 0 Votes 1 Ans Give rectifying journal entries for the following errors: Sale of goods to Madan ₹ 6,000 were entered in the Sales book as ₹ 600. 58 viewsAnurag Pathak Answered question 3 days agoDk Rectification of Errors 0 Votes 1 Ans A Book-keeper finds that the totals of his trial balance disagree by ₹ 2,800. He temporarily debits a Suspense Account with this amount and closes the books. On an examination of the books, the following errors are discovered: 72 viewsAnurag Pathak Answered question 3 days agoDk Rectification of Errors 0 Votes 1 Ans In taking out a Trial Balance, an Accountant finds an excess debit of ₹ 1,098. Being desirous of closing his books, he places the difference to Suspense A/c. Later on he detects the following errors: 65 viewsAnurag Pathak Answered question 3 days agoDk Rectification of Errors 0 Votes 1 Ans A Book-Keeper finds the difference in the Trial Balance amounting to ₹ 210 and puts it in the suspense account. Later on he detects the following errors. Rectify these and prepare the Suspense Account 57 viewsAnurag Pathak Answered question 3 days agoDk Rectification of Errors 0 Votes 1 Ans A Trial Balance showed excess credit of ₹ 2,728, which were placed in a suspense account. Later on the following errors were located. Pass rectifying entries and prepare Suspense A/c 59 viewsAnurag Pathak Answered question 3 days agoDk Rectification of Errors 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 100 viewsAnurag Pathak Answered question 4 days 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: 105 viewsAnurag Pathak Answered question 4 days 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: 87 viewsAnurag Pathak Answered question 4 days 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. 84 viewsAnurag Pathak Answered question 4 days 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: 85 viewsAnurag Pathak Answered question 4 days 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 88 viewsAnurag Pathak Answered question 4 days 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 87 viewsAnurag Pathak Answered question 4 days 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 92 viewsAnurag Pathak Answered question 4 days 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 85 viewsAnurag Pathak Answered question 4 days 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 100 viewsAnurag Pathak Answered question 4 days agoDk Rectification of Errors 0 Votes 1 Ans Rectify the following errors assuming that Suspense Account was opened. Ascertain the difference in Trial Balance. 94 viewsAnurag Pathak Answered question 4 days 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. 97 viewsAnurag Pathak Changed status to publish 4 days 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. 78 viewsAnurag Pathak Changed status to publish 4 days 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. 84 viewsAnurag Pathak Changed status to publish 4 days 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. 90 viewsAnurag Pathak Answered question 4 days 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. 91 viewsAnurag Pathak Answered question 4 days 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. 77 viewsAnurag Pathak Answered question 4 days agoDk Rectification of Errors « Previous 1 2 3 4 … 184 185 Next » Question and answer is powered by anspress.net
