Questions Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans Dogra Ltd. issued 2,000; 9% Debentures of ₹ 100 each on the following terms: ₹ 20 on application; ₹ 20 on allotment; ₹ 30 on first call; ₹ 30 on second and final call. 8.95K viewsAnurag Pathak Changed status to publish October 4, 2023[CBSE] Issue of DebentureTS Grewal Class 11 0 Votes 1 Ans JS Ltd. issued 2,000; 9% Debentures of ₹ 100 each payable as follows: ₹ 25 on application; ₹ 25 on allotment and ₹ 50 on first and final call. 7.48K viewsAnurag Pathak Changed status to publish October 4, 2023[CBSE] Issue of DebentureTS Grewal Class 11 0 Votes 1 Ans Venus Ltd. issued 40,000; 10% Debentures of ₹ 100 each at par for cash payable in full along with the application 7.14K viewsAnurag Pathak Changed status to publish October 4, 2023[CBSE] Issue of Debenture 0 Votes 1 Ans An accountant of a firm found that his Trial Balance was out (excess credit) by ₹ 742. He placed the amount in a Suspense Account and Subsequently found the following errors: 6.25K viewsAnurag Pathak Changed status to publish October 1, 2023RectificationTS Grewal Class 11 0 Votes 1 Ans The Trial Balance of Shri Ramdass did not agree and the difference in books was carried to a Suspense Account 5.83K viewsAnurag Pathak Changed status to publish October 1, 2023RectificationTS Grewal Class 11 0 Votes 1 Ans Rectify the following errors found in the books of Bheem. Trial Balance had ₹ 930 excess credit. The difference has been posted to a Suspense Account: 5.55K viewsAnurag Pathak Changed status to publish October 1, 2023RectificationTS Grewal Class 11 0 Votes 1 Ans The accountant of a firm finds that the Trial Balance as on 31st March, 2023 is out by an excess debit of ₹ 283. He placed the amount in the Suspense Account 4.98K viewsAnurag Pathak Changed status to publish October 1, 2023RectificationTS Grewal Class 11 0 Votes 1 Ans There was an error in the Trial Balance of Ram Gopal on 31st March, 2023 and the difference in books was carried to the Suspense Account 6.36K viewsAnurag Pathak Changed status to publish October 1, 2023RectificationTS Grewal Class 11 0 Votes 1 Ans Rajesh drew a Trial Balance for the year ended 31st March, 2023, There was a difference which he closed through Suspense Account 5.37K viewsAnurag Pathak Changed status to publish October 1, 2023RectificationTS Grewal Class 11 0 Votes 1 Ans The Trial Balance of M/s Gupta & Sons shows a difference of ₹ 52,200. To prepare the Final Account on 31st March, 2003, this difference is placed in a Suspense Account. 4.33K viewsAnurag Pathak Changed status to publish October 1, 2023RectificationTS Grewal Class 11 0 Votes 1 Ans There was a difference of ₹ 720 in the Trial Balance which has been transferred to the credit side of the Supense Account. Pass the rectifying entries and prepare a Suspense Account to rectify the following errors: 5.05K viewsAnurag Pathak Changed status to publish October 1, 2023RectificationTS Grewal Class 11 0 Votes 1 Ans A Trial Balance disclosed a difference of ₹ 417 placed on the credit side of the Suspense Account. Later on the following errors were located: 4.77K viewsAnurag Pathak Changed status to publish October 1, 2023RectificationTS Grewal Class 11 0 Votes 1 Ans There was a difference in the Trial Balance of M/s Jain & Sons, prepared for the year ended 31st March, 2009. The accountant put the difference in Suspense Account. 5.35K viewsAnurag Pathak Changed status to publish October 1, 2023RectificationTS Grewal Class 11 0 Votes 1 Ans An amount of ₹ 2,000 received from Mohan on 1st April, 2023 had been entered in the Cash Book as having been received on 31st March, 2023. 6.82K viewsAnurag Pathak Changed status to publish October 1, 2023RectificationTS Grewal Class 11 0 Votes 1 Ans While trying to close his books for the year ended 31st March, 2014, Mahesh found that the Trial Balance did not agree. He traced the following errors: 4.16K viewsAnurag Pathak Changed status to publish October 1, 2023RectificationTS Grewal Class 11 0 Votes 1 Ans A sum of ₹ 470 received from Ganga was posted to her debit as ₹ 740. Rectify the following errors by passing Journal entries: 4.76K viewsAnurag Pathak Changed status to publish October 1, 2023RectificationTS Grewal Class 11 0 Votes 1 Ans Rectify the following errors: The total of one page of Sales Book was carried forward as ₹ 371 instead of ₹ 317. 5.41K viewsAnurag Pathak Changed status to publish October 1, 2023RectificationTS Grewal Class 11 0 Votes 1 Ans Give the Journal entries to rectify the following errors: Purchase book was overcasted by ₹ 1,000. 4.35K viewsAnurag Pathak Changed status to publish October 1, 2023RectificationTS Grewal Class 11 0 Votes 1 Ans Rectify the following errors: Sale of old furniture worth ₹ 3,000 treated as sales of goods. 5.39K viewsAnurag Pathak Changed status to publish October 1, 2023RectificationTS Grewal Class 11 0 Votes 1 Ans Wages paid for the construction of office debited to the Wages Account, ₹ 5,000 Rectify the following errors: 6.34K viewsAnurag Pathak Changed status to publish October 1, 2023RectificationTS Grewal Class 11 0 Votes 1 Ans A credit sale of good for ₹ 2,500 to Krishan has been wrongly passed through the Purchases Book 5.39K viewsAnurag Pathak Changed status to publish October 1, 2023RectificationTS Grewal Class 11 0 Votes 1 Ans A purchase of goods from David amounting to ₹ 150 has been wrongly passsed through the Sales Book 5.07K viewsAnurag Pathak Changed status to publish October 1, 2023RectificationTS Grewal Class 11 0 Votes 1 Ans Rectify the following errors: Sales Book has been totalled ₹ 1,000 short 4.92K viewsAnurag Pathak Changed status to publish October 1, 2023RectificationTS Grewal Class 11 0 Votes 1 Ans cheque for ₹ 20,000 was received from Ranjan on which ₹ 200 Discount was allowed. The cheque was not honoured on due date and the amount of discount was credited to Discount Received Account 6.19K viewsAnurag Pathak Changed status to publish October 1, 2023RectificationTS Grewal Class 11 0 Votes 1 Ans Sales of goods to Madan ₹ 6,000 were entered in the Sales Book as ₹ 600. Give rectifying Journal entries for the following errors: 4.93K viewsAnurag Pathak Changed status to publish October 1, 2023RectificationTS Grewal Class 11 « Previous 1 2 … 137 138 139 140 141 … 188 189 Next » Search questions Search Questions Sahaj and Nimish entered into partnership on 1st April, 2025 without a partnership deed. They introduced capital of 5,00,000 and 3,00,000 respectively 1 Answer | 0 Votes Taran and Deep are partners sharing the profits and losses in the ratio of 2 : 3 with capitals of ₹ 3,00,000 and ₹ 2,00,000 respectively 1 Answer | 0 Votes Puneet and Sahil are partners sharing profits and losses equally. 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