Questions Ask question Search Order By: ActiveCategoryClear Filter 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 1.01K 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 1.26K 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 1.75K 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 1.54K 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 1.79K 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 1.89K 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 2.22K 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: 1.67K 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 1.83K 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 2.58K 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 1.55K 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: 1.00K 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. 2.02K 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. 1.31K 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. 1.78K 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 1.52K 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 1.37K 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 1.19K 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 1.39K 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 991 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 1.77K 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. 1.87K 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 1.11K 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 1.59K 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 1.20K viewsAnurag Pathak Changed status to publish October 26, 2023Rectification « Previous 1 2 … 102 103 104 105 106 … 166 167 Next » Question and answer is powered by anspress.net
