Questions Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans Given below is a Cash Book and Ledger extracts relating to the books of M/s Ram Chander & Sons as at 31st January 2025. You are required to prepare a Trial Balance. 115 viewsAnurag Pathak Answered question January 17, 2026Dk Rectification of Errors 0 Votes 1 Ans Rectify the following errors: Sales return book is undercasted by ₹ 1,000. 141 viewsAnurag Pathak Answered question January 17, 2026Dk Rectification of Errors 0 Votes 1 Ans Rectify the following errors: Credit purchase from Varun ₹ 8,000 was recorded as ₹ 8,800. 140 viewsAnurag Pathak Answered question January 17, 2026Dk Rectification of Errors 0 Votes 1 Ans Pass journal entries to rectify the following errors using suspense account where necessary: Goods of the value of ₹ 2,000 returned by Mr. Gupta were entered in the Sales Book and posted therefrom to the credit of his account. 140 viewsAnurag Pathak Answered question January 17, 2026Dk Rectification of Errors 0 Votes 1 Ans Pass necessary journal entries to rectify the following errors: Sales Return book overcast ₹ 1,000. 122 viewsAnurag Pathak Answered question January 17, 2026Dk Rectification of Errors 0 Votes 1 Ans Pass Journal Entries to rectify the following errors: ₹ 17,000 paid in cash for purchase of a Typewriter was charged to office expenses account 166 viewsAnurag Pathak Answered question January 17, 2026Dk Rectification of Errors 0 Votes 1 Ans Pass journal entries to rectify the following errors in the books of Manish which were located after preparation of Trial Balance: 107 viewsAnurag Pathak Answered question January 17, 2026Dk Rectification of Errors 0 Votes 1 Ans Rectify the following errors found in the books of Mr. Aryan by passing entries: The purchase of ₹ 610 from Kabir was entered into sales book but Kabir’s personal account was rightly credited. 131 viewsAnurag Pathak Answered question January 17, 2026Dk Rectification of Errors 0 Votes 1 Ans Rectify the following errors found in the books of Mr. Suhail by passing entries: One item of purchase of ₹ 250 has been posted from the purchases book to the ledger as ₹ 350. 145 viewsAnurag Pathak Answered question January 17, 2026Dk Rectification of Errors 0 Votes 1 Ans Pass journal entries to rectify the following errors detected during preparation of Trial Balance: (i) Purchases book is undercast by ₹ 1,000. 149 viewsAnurag Pathak Answered question January 17, 2026Dk Rectification of Errors 0 Votes 1 Ans Rectify the following errors: ₹ 500 paid for the purchases of Radio set for the proprietor debited to General expenses account. 153 viewsAnurag Pathak Answered question January 17, 2026Dk Rectification of Errors 0 Votes 1 Ans Pass Journal entries to rectify the following errors which were located after preparing the Trial Balance: The Sales Book was overcast by ₹ 500. 131 viewsAnurag Pathak Answered question January 17, 2026Dk Rectification of Errors 0 Votes 1 Ans Rectify the following errors by passing Journal entries: Old furniture sold for ₹ 500 has been credited to Sales Account. 106 viewsAnurag Pathak Answered question January 17, 2026Dk Rectification of Errors 0 Votes 1 Ans The books of Ramesh did not agree. The difference of ₹ 12,700 in trial balance was placed to the debit of suspense account. Subsequently, the following errors were located. Pass journal entries to rectify the errors and prepare the suspense account: 138 viewsAnurag Pathak Answered question January 17, 2026Dk Rectification of Errors 0 Votes 1 Ans Pass Journal entries to rectify the following errors. The trial balance had ₹ 1,260 excess credit. The difference has been posted to a suspense account: 114 viewsAnurag Pathak Answered question January 17, 2026Dk Rectification of Errors 0 Votes 1 Ans During the course of an accounting year, an Accountant found a difference in the trial balance. He puts this difference in a newly opened suspense account. Subsequently, he located the following errors in his books of account: 118 viewsAnurag Pathak Answered question January 17, 2026Dk Rectification of Errors 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: 105 viewsAnurag Pathak Answered question January 17, 2026Dk 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. 117 viewsAnurag Pathak Edited answer January 17, 2026Dk Rectification of Errors 0 Votes 1 Ans Rectify the following errors: The Sales Book has been totalled ₹ 1,000 short. 141 viewsAnurag Pathak Answered question January 15, 2026Dk 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. 133 viewsAnurag Pathak Answered question January 15, 2026Dk 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: 160 viewsAnurag Pathak Answered question January 15, 2026Dk 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: 156 viewsAnurag Pathak Answered question January 15, 2026Dk 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 139 viewsAnurag Pathak Answered question January 15, 2026Dk 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 137 viewsAnurag Pathak Answered question January 15, 2026Dk 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 187 viewsAnurag Pathak Answered question January 13, 2026Dk Rectification of Errors « Previous 1 2 3 4 … 185 186 Next » Question and answer is powered by anspress.net
