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Trial Balance a...

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  • Question 1
    1 / -0

    Which of the following error cannot be disclosed by trial balance?

  • Question 2
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    Which of the following error can affect the agreement of trial balance?

  • Question 3
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    A re-payment of Rs$$15,000$$ has been posted to Janki Loan A/c, whereas Rs$$3,000$$ of this amount was paid as interest on the loan. To correct this error which journal entry would require?

  • Question 4
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    An expense on major repairs of machinery purchased second hand has been debited to repairs account; it involves an error of _________.

  • Question 5
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    Which of the following account(s) will be affected, while rectifying the error of a purchase return of Rs.$$200$$ to Mr."A" entered in sales book instead of purchase return book?

  • Question 6
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    If an amount paid for servicing vehicles has been posted in error to Motor Vehicles account the journal entry necessary to correct this error should require which of the following: 

  • Question 7
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    Rs $$2,18,400$$ paid to a supplier has been posted to the supplier's account as Rs$$2,14,800$$. Identify the amount of the trial balance difference which will be placed in a suspense account.

  • Question 8
    1 / -0

    A sold goods of 500/- to Z which is entered in purchase book as 5,000. What will be the entry after rectification? 

  • Question 9
    1 / -0

    Purchases book was undercast by Rs$$10,000$$. If this error located after preparation of final account then which of the following rectification entry is correct?

  • Question 10
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    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.
    (i) Sales day book for the month of June was found overcast by Rs$$7,000$$.
    (ii) A credit purchase of Rs$$3,000$$ was omitted to be recorded in the purchase day book.
    (iii) Rs$$4,300$$ received from A credited to A A/c Rs $$3,400$$.
    (iv) Purchase of Office Equipment worth Rs $$5,000$$ included in trading purchases.
    From the above details what would have been the difference in Trial Balance which was made to balance by opening Suspense A/c.

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