Trial Balance Test

Result

Trial Balance Test - 7

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Weekly Quiz Competition

Question 1
1 / -0

A credit sale of Rs.500 to Vinod was posted to his account as 5,500. What amount will adjusted now?

A
Cr Rs.5000

B
Cr Rs.5000

C
Dr. Rs.6000

D
Cr Rs.5500

Solution

Since Vinod's account was debited in excess by Rs.5000, his account will now be credited by Rs.5000 to rectify the error.
Question 2
1 / -0

Rs.218,400 paid to a supplier was posted to the supplier as Rs.214,800. What amount is to be adjusted now?

A
Cr. Rs.3600

B
Cr. Rs.3600

C
Cr. Rs.214800

D
Dr. Rs.218400

Solution

Since the supplier was debited in short by Rs. 3600, he will now be debited by Rs. 3600 to rectify the error.
Question 3
1 / -0

Rs.2,400 pre-paid insurance has been brought forward from the previous year as a credit balance. What would be the appropriate adjustment?

A
Cr. pre-paid insurance by Rs.2400

B
Dr. pre-paid insurance by Rs.4800

C
Cr. pre-paid insurance by Rs.4800

D
Dr. pre-paid insurance by Rs.2400

Solution

Since the debit balance of pre-paid insurance was posted as a credit balance, pre-paid insurance account will now be debited by the double amount (Rs.4800).
Question 4
1 / -0

Sales Book was overcast by Rs.1500. Rectify through suspense account.

A

Sales A/c Dr 1500

To Suspense A/c 1500

B

Sales A/c Dr 150

To Suspense A/c 150

C

Suspense A/c Dr 1500

To Sales A/c 1500

D

Sales A/c Dr 15000

To Suspense A/c 15000

Solution

Overcasting of the sales book implies that the sales account was credited in excess. So it will now be debited to rectify the error.
Question 5
1 / -0

Cash of Rs.4000 paid to Hanif was credited to Rafique A/c as Rs.1400. Rectify through suspense account.

A

Hanif A/c Dr 4000

Suspense A/c Dr 1400

To Rafique A/c 5400

B

Hanif A/c Dr 4000

Rafique A/c Dr 1400

To Suspense A/c 5400

C

Rafique A/c Dr 4000

Hanif A/c Dr 1400

To Suspense A/c 5400

D

Suspense A/c Dr 4000

Rafique A/c Dr 1400

To Hanif A/c 5400

Solution

Hanif's account was to be debited but Rafique's account was credited instead. Both the accounts will now be debited to rectify the error.
Question 6
1 / -0

Cash of Rs.4000 paid to Hanif was credited to Rafique's A/c as Rs.1400. In order to rectify through suspense account, by what amount should Rafique's account be debited?

A
Rs.5400

B
Rs.1400

C
Rs.4000

D
Rs.2600

Solution

Since Rafique's account was wrongly credited by Rs.1400, it will now be debited by Rs.1400 only.
Question 7
1 / -0

The total of Purchase Returns Book of Rs.3150 was carried forward as Rs.1530. In order to rectify through suspense account, purchase returns account will be credited by

A
Rs.1620

B
Rs.3150

C
Rs.1530

D
Rs.1530

Solution

Since the total of the purchase returns book was carried forward short, the Purchase returns account will be credited with the difference to rectify the error.
Question 8
1 / -0

Namita was paid cash Rs.6500 but Sumita was debited by Rs 6000. In order to rectify through suspense account, by what amount should Namita's account be debited?

A
Rs.6500

B
Rs.6000

C
Rs.500

D
1500

Solution

Namita's account was to be debited by Rs.6500 but was not. So it will now be debited by Rs.6500 to rectify the error.
Question 9
1 / -0

Namita was paid cash Rs.6500 but Sumita was debited by Rs.6000. Rectify through suspense account.

A

Sumita A/c Dr 6500

To Namita A/c 6000

To Suspense A/c 500

B

Namita A/c Dr 6500

To Sumita A/c 6000

To Suspense A/c 500

C

Suspense A/c Dr 6500

To Sumita A/c 6000

To Namita A/c 500

D

Namita A/c Dr 6500

To Sumita A/c 6000

To Suspense A/c 500

Solution

Namita's account was to be debited but Sumita's account was debited instead. Namita's account will now be debited, Sumita's account will be credited and the balance transferred to suspense account.
Question 10
1 / -0

Furniture purchased from M/s Furniture House on 15th January, 2010 for Rs.5000 was wrongly entered in the Purchases Book. Rectify through Journal Entry.

A

Furniture A/c Dr 50000

To Purchase A/c 50000

B

Furniture A/c Dr 500

To Purchase A/c 500

C

Purchase A/c Dr 5000

To Furniture A/c 5000

D

Furniture A/c Dr 5000

To Purchase A/c 5000

Solution

Furniture account was to be debited but it was recorded as purchases instead. Furniture account will now be debited and purchases account will be credited to rectify the error.

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Re-Attempt Weekly Quiz Competition

Sales A/c	Dr	1500
To Suspense A/c		1500

Sales A/c	Dr	150
To Suspense A/c		150

Suspense A/c	Dr	1500
To Sales A/c		1500

Sales A/c	Dr	15000
To Suspense A/c		15000

Trial Balance Test - 7

Result

Trial Balance Test - 7

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Question 1

Cr Rs.5000

Cr Rs.5000

Dr. Rs.6000

Cr Rs.5500

Solution

Question 2

Cr. Rs.3600

Cr. Rs.3600

Cr. Rs.214800

Dr. Rs.218400

Solution

Question 3

Cr. pre-paid insurance by Rs.2400

Dr. pre-paid insurance by Rs.4800

Cr. pre-paid insurance by Rs.4800

Dr. pre-paid insurance by Rs.2400

Solution

Question 4

Sales A/c Dr 1500 To Suspense A/c 1500

Sales A/c Dr 150 To Suspense A/c 150

Suspense A/c Dr 1500 To Sales A/c 1500

Sales A/c Dr 15000 To Suspense A/c 15000

Solution

Question 5

Hanif A/c Dr 4000 Suspense A/c Dr 1400 To Rafique A/c 5400

Hanif A/c Dr 4000 Rafique A/c Dr 1400 To Suspense A/c 5400

Rafique A/c Dr 4000 Hanif A/c Dr 1400 To Suspense A/c 5400

Suspense A/c Dr 4000 Rafique A/c Dr 1400 To Hanif A/c 5400

Solution

Question 6

Rs.5400

Rs.1400

Rs.4000

Rs.2600

Solution

Question 7

Rs.1620

Rs.3150

Rs.1530

Rs.1530

Solution

Question 8

Rs.6500

Rs.6000

Rs.500

1500

Solution

Question 9

Sumita A/c Dr 6500 To Namita A/c 6000 To Suspense A/c 500

Namita A/c Dr 6500 To Sumita A/c 6000 To Suspense A/c 500

Suspense A/c Dr 6500 To Sumita A/c 6000 To Namita A/c 500

Namita A/c Dr 6500 To Sumita A/c 6000 To Suspense A/c 500

Solution

Question 10

Furniture A/c Dr 50000 To Purchase A/c 50000

Furniture A/c Dr 500 To Purchase A/c 500

Purchase A/c Dr 5000 To Furniture A/c 5000

Furniture A/c Dr 5000 To Purchase A/c 5000

Solution

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Question Analysis

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Sales A/c Dr 1500

To Suspense A/c 1500

Sales A/c Dr 150

To Suspense A/c 150

Suspense A/c Dr 1500

To Sales A/c 1500

Sales A/c Dr 15000

To Suspense A/c 15000

Hanif A/c Dr 4000

Suspense A/c Dr 1400

To Rafique A/c 5400

Hanif A/c Dr 4000

Rafique A/c Dr 1400

To Suspense A/c 5400

Rafique A/c Dr 4000

Hanif A/c Dr 1400

To Suspense A/c 5400

Suspense A/c Dr 4000

Rafique A/c Dr 1400

To Hanif A/c 5400

Sumita A/c Dr 6500

To Namita A/c 6000

To Suspense A/c 500

Namita A/c Dr 6500

To Sumita A/c 6000

To Suspense A/c 500

Suspense A/c Dr 6500

To Sumita A/c 6000

To Namita A/c 500

Namita A/c Dr 6500

To Sumita A/c 6000

To Suspense A/c 500

Furniture A/c Dr 50000

To Purchase A/c 50000

Furniture A/c Dr 500

To Purchase A/c 500

Purchase A/c Dr 5000

To Furniture A/c 5000

Furniture A/c Dr 5000

To Purchase A/c 5000