Ask question Search Order By: ActiveCategoryClear Filter 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: 1.10K 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: 812 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 ₹ 20,000 792 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 1.16K 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 1.41K 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 1.42K 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 1.55K 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 1.73K 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 1.95K 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: 1.53K 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 1.66K 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 2.23K 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 1.24K 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: 889 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. 1.71K 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. 1.17K 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. 1.49K 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 1.29K 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 1.11K 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 1.06K 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 1.25K 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 869 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 1.47K 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. 1.64K 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 971 viewsAnurag Pathak Changed status to publish October 26, 2023Rectification « Previous 1 2 … 97 98 99 100 101 … 161 162 Next » Question and answer is powered by anspress.net
