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Trial Balance a...

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  • Question 1
    1 / -0

    Rs.4500 spent on repair of office equipment debited to office equipment a/c. This will affect profit and loss a/c as __________.

  • Question 2
    1 / -0

    While checking the accounts of ABC the following discrepancies were noticed, even though the trial balance was made to balance by putting the difference to suspense A/c.
    (a) Sales day book for the month of June 2013 was found overcast by Rs. 7000
    (b) A credit purchase of Rs.3,000 was omitted to be recorded in the day book.
    (c) Rs.4,300 received from A credited to A's Rs.3,400
    (d) Purchase of office equipment worth Rs.5,000 included in trading purchases.
    From the above details while rectifying the mistake suspense a/c will be.

  • Question 3
    1 / -0

    An old furniture was sold for $$Rs. 750$$, but the amount entered in the Sales Day book as $$Rs. 570$$. On rectification of this error suspense A/c will be __________.

  • Question 4
    1 / -0

    Rs.4500 received from M/s Ram was credited to Mr Ram a/c.On rectification profit and loss a/c _______.

  • Question 5
    1 / -0

    Rectification of which types of errors requires opening of suspense A/c?

  • Question 6
    1 / -0

    ParticularDebit Rs.Credit Rs.
    Sales20,000
    Purchases15,000
    Miscellaneous expenses1,500
    Salaries3,500
    Total16,50023,500
    The difference in the above trial balance is due to __________.

  • Question 7
    1 / -0

    Which of the following errors will not affect the trial balance?

  • Question 8
    1 / -0

    Purchase of office furniture of Rs. 1,200 has been debited to general expense account. It is __________.

  • Question 9
    1 / -0

    Rent paid to landlord amounting Rs.500 was credited to Rent A/c with Rs.5,000. In the rectifying entry, Rent A/c will be debited with ________.

  • Question 10
    1 / -0

    Which of the following would not be revealed by preparation of a trial balance?

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