Trial Balance Test

Result

Trial Balance Test - 6

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Weekly Quiz Competition

Question 1
1 / -0

Old furniture sold for Rs.2800 was entered in the Sales Book. The rectifying journal entry would be

A

Sales A/c Dr 2000

To Furniture A/c 2000

B

Cash A/c Dr 2800

To Furniture A/c 2800

C

Goods A/c Dr 2800

To Furniture A/c 2800

D

Sales A/c Dr 2800

To Furniture A/c 2800

Solution

Furniture account had to be credited but it was not, so it will now be credited. Sales account was wrongly credited, so it will now be debited.
Question 2
1 / -0

Carriage paid Rs.500 on purchase of a Machine was debited to Carriage A/c. The rectifying journal entry would be

A

Purchase A/c Dr 500

To Carriage A/c 500

B

Machine A/c Dr 500

To Carriage A/c 500

C

Machine A/c Dr 500

To Purchase A/c 500

D

Machine A/c Dr 500

To Cash A/c 500

Solution

Machinery account had to be debited but it was not, so it will now be debited. Carriage account was wrongly debited so it will now be credited.
Question 3
1 / -0

Cash Rs.50000 paid to the creditor Atulya Ghosh was debited to Praful Ghosh’s A/c. The rectifying journal entry would be

A

Atulya Ghosh Dr 50000

To Praful Ghosh A/c 50000

B

Atulya Ghosh A/c Dr 50000

To Praful Ghosh A/c 50000

C

Atulya Ghosh A/c Dr 50000

To Cash A/c 50000

D

Cash A/c Dr 50000

To Praful Ghosh A/c 50000

Solution

Atulya Ghosh's account had to be debited but it was not, so it will now be debited. Praful Ghosh's account was wrongly debited so it will now be credited.
Question 4
1 / -0

Rectify through suspense account - Purchases Book has been overcast by Rs.200.

A

Suspense A/c Dr 200

To Purchase A/c 200

B

Goods A/c Dr 200

To Purchase A/c 200

C

Suspense A/c Dr 200

To Goods A/c 200

D
None of these

Solution

Overcasting of the purchases book implies that the purchases account was debited in excess, so it will now be credited with the excess amount.
Question 5
1 / -0

Rectify through suspense account- Goods purchased from Manohar for Rs.2500 has been posted to the debit of his account. Which account should be credited

A
Suspense A/c

B
Manohar A/c

C
Goods A/c

D
None

Solution

Manohar's account should have been credited but was debited instead. So it will now be credited to rectify the error.
Question 6
1 / -0

Rectify through suspense account- Cash of Rs.4500 paid to Munish was credited to Manish. Which account should be debited

A
Munish

B
Manish

C
Suspense

D
Both Munish and Manish

Solution

Munish's account had to be debited but was not and Manish's account was wrongly credited. Both the accounts will now be debited to rectify the error.
Question 7
1 / -0

Rectify through suspense account - Discount Rs.100 allowed to Anthony was not debited to discount account.

A

Discount A/c Dr 100

To Cash A/c 100

B

Cash A/c Dr 100

To Suspense A/c 100

C

Cash A/c Dr 100

To Discount A/c 100

D

Discount A/c Dr 100

To Suspense A/c 100

Solution

Since the discount account was not debited, it will now be debited to rectify the error.
Question 8
1 / -0

Purchase of goods from Mohit for Rs.2500 was entered in the Sales Book; however Mohit,s Account was correctly credited. Rectify through suspense account.

A

Purchase A/c Dr 2500

Sales A/c Dr 2500

To Suspense A/c 5000

B

Purchase A/c Dr 2000

Sales A/c Dr 3000

To Suspense A/c 5000

C

Suspense A/c Dr 2500

Sales A/c Dr 2500

To Purchase A/c 5000

D

Purchase A/c Dr 2500

Suspense A/c Dr 2500

To Sales A/c 5000

Solution

Purchase account had to be debited but was not and sales account was wrongly credited. Both the accounts will now be debited to rectify the error.
Question 9
1 / -0

Cash of Rs.3200 received from Anil (a debtor) was correctly entered in the Cash Book but was omitted to be posted to his account. In order to rectify through suspense account, which account should be credited?

A
Suspense

B
Cash

C
Anil

D
None

Solution

Anil's account had to be credited but was not, so it will now be credited to rectify the error.
Question 10
1 / -0

The recovery of staff loan by deduction from pay at Rs.300 per month for nine months in the year have not been accounted for. What would be the appropriate adjustment?

A
Cr staff loan account by Rs.2700

B
Dr staff loan account by Rs.2500

C
Dr staff loan account by Rs.2700

D
None of these

Solution

When loan advanced is recovered, loan account has to be credited. Since the recovery was not accounted for, loan account will now be credited

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Question Analysis

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Re-Attempt Weekly Quiz Competition

Sales A/c	Dr	2000
To Furniture A/c		2000

Cash A/c	Dr	2800
To Furniture A/c		2800

Goods A/c	Dr	2800
To Furniture A/c		2800

Sales A/c	Dr	2800
To Furniture A/c		2800

Trial Balance Test - 6

Result

Trial Balance Test - 6

Score

-

Rank

-

SHARING IS CARING

Question 1

Sales A/c Dr 2000 To Furniture A/c 2000

Cash A/c Dr 2800 To Furniture A/c 2800

Goods A/c Dr 2800 To Furniture A/c 2800

Sales A/c Dr 2800 To Furniture A/c 2800

Solution

Question 2

Purchase A/c Dr 500 To Carriage A/c 500

Machine A/c Dr 500 To Carriage A/c 500

Machine A/c Dr 500 To Purchase A/c 500

Machine A/c Dr 500 To Cash A/c 500

Solution

Question 3

Atulya Ghosh Dr 50000 To Praful Ghosh A/c 50000

Atulya Ghosh A/c Dr 50000 To Praful Ghosh A/c 50000

Atulya Ghosh A/c Dr 50000 To Cash A/c 50000

Cash A/c Dr 50000 To Praful Ghosh A/c 50000

Solution

Question 4

Suspense A/c Dr 200 To Purchase A/c 200

Goods A/c Dr 200 To Purchase A/c 200

Suspense A/c Dr 200 To Goods A/c 200

None of these

Solution

Question 5

Suspense A/c

Manohar A/c

Goods A/c

None

Solution

Question 6

Munish

Manish

Suspense

Both Munish and Manish

Solution

Question 7

Discount A/c Dr 100 To Cash A/c 100

Cash A/c Dr 100 To Suspense A/c 100

Cash A/c Dr 100 To Discount A/c 100

Discount A/c Dr 100 To Suspense A/c 100

Solution

Question 8

Purchase A/c Dr 2500 Sales A/c Dr 2500 To Suspense A/c 5000

Purchase A/c Dr 2000 Sales A/c Dr 3000 To Suspense A/c 5000

Suspense A/c Dr 2500 Sales A/c Dr 2500 To Purchase A/c 5000

Purchase A/c Dr 2500 Suspense A/c Dr 2500 To Sales A/c 5000

Solution

Question 9

Suspense

Cash

Anil

None

Solution

Question 10

Cr staff loan account by Rs.2700

Dr staff loan account by Rs.2500

Dr staff loan account by Rs.2700

None of these

Solution

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Question Analysis

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Rank

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Sales A/c Dr 2000

To Furniture A/c 2000

Cash A/c Dr 2800

To Furniture A/c 2800

Goods A/c Dr 2800

To Furniture A/c 2800

Sales A/c Dr 2800

To Furniture A/c 2800

Purchase A/c Dr 500

To Carriage A/c 500

Machine A/c Dr 500

To Carriage A/c 500

Machine A/c Dr 500

To Purchase A/c 500

Machine A/c Dr 500

To Cash A/c 500

Atulya Ghosh Dr 50000

To Praful Ghosh A/c 50000

Atulya Ghosh A/c Dr 50000

To Praful Ghosh A/c 50000

Atulya Ghosh A/c Dr 50000

To Cash A/c 50000

Cash A/c Dr 50000

To Praful Ghosh A/c 50000

Suspense A/c Dr 200

To Purchase A/c 200

Goods A/c Dr 200

To Purchase A/c 200

Suspense A/c Dr 200

To Goods A/c 200

Discount A/c Dr 100

To Cash A/c 100

Cash A/c Dr 100

To Suspense A/c 100

Cash A/c Dr 100

To Discount A/c 100

Discount A/c Dr 100

To Suspense A/c 100

Purchase A/c Dr 2500

Sales A/c Dr 2500

To Suspense A/c 5000

Purchase A/c Dr 2000

Sales A/c Dr 3000

To Suspense A/c 5000

Suspense A/c Dr 2500

Sales A/c Dr 2500

To Purchase A/c 5000

Purchase A/c Dr 2500

Suspense A/c Dr 2500

To Sales A/c 5000