Questions Ask question Search Order By: ActiveCategoryClear Filter 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: 1.05K viewsAnurag Pathak Answered question January 13, 2026Dk 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 951 viewsAnurag Pathak Answered question January 13, 2026Dk 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 1.00K viewsAnurag Pathak Answered question January 13, 2026Dk 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 987 viewsAnurag Pathak Answered question January 13, 2026Dk 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 914 viewsAnurag Pathak Answered question January 13, 2026Dk 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 1.19K viewsAnurag Pathak Answered question January 13, 2026Dk Rectification of Errors 0 Votes 1 Ans Rectify the following errors assuming that Suspense Account was opened. Ascertain the difference in Trial Balance. 920 viewsAnurag Pathak Answered question January 13, 2026Dk 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. 936 viewsAnurag Pathak Changed status to publish January 13, 2026Dk 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. 1.07K viewsAnurag Pathak Changed status to publish January 13, 2026Dk 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. 971 viewsAnurag Pathak Changed status to publish January 13, 2026Dk 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. 924 viewsAnurag Pathak Answered question January 13, 2026Dk 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. 922 viewsAnurag Pathak Answered question January 13, 2026Dk 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. 916 viewsAnurag Pathak Answered question January 13, 2026Dk Rectification of Errors 0 Votes 1 Ans Rectify the following errors: Furniture purchased for ₹ 10,000 wrongly debited to Purchases Account 876 viewsAnurag Pathak Answered question January 13, 2026Dk Rectification of Errors 0 Votes 1 Ans Rectify the following errors: A sale of goods to Ramakant for ₹ 10,000 was passed through the Purchases Book. 864 viewsAnurag Pathak Answered question January 13, 2026Dk Rectification of Errors 0 Votes 1 Ans Give Journal Entries to rectify the following errors: Goods purchased from Meena for ₹ 13,000 were recorded in Sales Book by mistake. 966 viewsAnurag Pathak Answered question January 13, 2026Dk Rectification of Errors 0 Votes 1 Ans Rectify the following errors: Sold old furniture to A for ₹ 11,500 was passed through the Sales Book. 983 viewsAnurag Pathak Answered question January 13, 2026Dk Rectification of Errors 0 Votes 1 Ans Rectify the following errors: Goods for ₹ 11,000 were purchased from Sheila Garments on credit, but not entry has yet been passed. 947 viewsAnurag Pathak Answered question January 13, 2026Dk Rectification of Errors 0 Votes 1 Ans Give rectifying entries for the following: A credit sales of goods to Ram ₹ 25,000 has been wrongly passed through the ‘Purchases Book’. 979 viewsAnurag Pathak Answered question January 13, 2026Dk Rectification of Errors 0 Votes 1 Ans Rectify the following errors: Credit Sales to Mridula ₹ 50,000 were recorded as ₹ 54,000 842 viewsAnurag Pathak Answered question January 13, 2026Dk Rectification of Errors 0 Votes 1 Ans Rectify the following errors: Credit sales to Mridula ₹ 50,000 were recorded as ₹ 5,000. 847 viewsAnurag Pathak Answered question January 13, 2026Dk Rectification of Errors 0 Votes 1 Ans Rectify the following errors: Credit Sales to Mridula ₹ 50,000 were not recorded. 779 viewsAnurag Pathak Answered question January 13, 2026Dk Rectification of Errors 0 Votes 1 Ans From the following particulars make out the Bank Reconciliation Statement as on 31st December 2024. Pass book showed a credit balance of ₹ 15,000 on 31st December 2024. 1.03K viewsAnurag Pathak Changed status to publish January 10, 2026Dk Goel BRS 0 Votes 1 Ans On 31st December, 2024, pass book shows debit balance of ₹ 7,500. From the following particulars, preapre a Bank Reconciliation Statement: 1.01K viewsAnurag Pathak Answered question January 10, 2026Dk Goel BRS 0 Votes 1 Ans On 30th June, 2024, the pass book of Nataraj showed a bank overdraft of ₹ 46,000. The following additional information is available. You are required to prepare a bank reconciliation statement as on the above mentioned date: 961 viewsAnurag Pathak Answered question January 10, 2026Dk Goel BRS « Previous 1 2 … 6 7 8 9 10 … 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. They had opening credit balance in their Loan Accounts of ₹ 9,00,000 each 1 Answer | 0 Votes Raman and Pawan are partners sharing profits and losses in the ratio of 3 : 2. Raman being a non-working partner contributes ₹ 50,00,000 as capital 1 Answer | 0 Votes Raman and Pawan are partners sharing profits and losses in the ratio of 2 : 3. They had opening credit balance in their Loan Accounts of ₹ 5,00,000 and ₹ 4,00,000 respectively 1 Answer | 0 Votes Bani, Rani, and Mani are partners sharing profits and losses in the ratio of 3 : 2 : 1. Bani and Mani granted loans to the firm on 1st October 2022 of ₹ 2,00,000 and ₹ 3,00,000 respectively 1 Answer | 0 Votes Nirmal and Pawan are partners sharing profits in the ratio of 3 : 2. The firm had given a loan to Pawan of ₹ 5,00,000 on 1st April 1 Answer | 0 Votes Akhil, Sunil, and Parvesh are partners sharing profits in the ratio of 3 : 2 : 1. Sunil had given a loan to the firm on 1st November 2022 of ₹ 4,00,000 1 Answer | 0 Votes Bat and Ball are partners sharing the profits in the ratio of 2 : 3 with capitals of ₹ 1,20,000 and ₹ 60,000 respectively 1 Answer | 0 Votes Akhil and Bimal are partners sharing profits in the ratio of 3 : 2. Akhil gave a loan to the firm of ₹ 1,00,000 on 1st October 2022 1 Answer | 0 Votes Question and answer is powered by anspress.net
