Trial Balance and Rectification of Errors Test

Result

Trial Balance and Rectification of Errors Test - 6

Score
-
out of -
Rank
-
out of -

TIME Taken - -

SHARING IS CARING

If our Website helped you a little, then kindly spread our voice using Social Networks. Spread our word to your readers, friends, teachers, students & all those close ones who deserve to know what you know now.

Weekly Quiz Competition

Question 1
1 / -0

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

A

B

C

D

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 2
1 / -0

A sum of Rs.1200 paid to Ashok has been wrongly credited to his account. What should be done to rectify the error

A
Ashok A/c is to be debited

B
Ashok A/c is to be Credited

C
Both

D
None

Solution

Ashok's account should have been debited but it was wrongly credited. So it will now be debited to rectify the error.
Question 3
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
Cash

B
Anil

C
Suspense

D
None

Solution

Anil's account had to be credited but was not, so it will now be credited to rectify the error.
Question 4
1 / -0

Sales for Rs.20000 made to Malvika was not entered in the Sales Book. The rectifying journal entry would be

A

B

C

D

Solution

Since the transaction was completely omitted, the normal journal entry for credit sale will be passed.
Question 5
1 / -0

On purchase of old furniture, the amount of Rs.750 spent on its repairs should be debited to

A
Repairs account

B
Furniture account

C
Cash account

D
None

Solution

When an asset is purchased (whether new or old), the expenses incurred on that asset before putting it to use are to be debited to that asset's account.
Question 6
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
Dr. Rs.218400

B
Cr. Rs.3600

C
Dr. Rs.3600

D
Cr. Rs.214800

Solution

Since the supplier was debited in short by Rs. 3600, he will now be debited by Rs. 3600 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

B

C

D

Solution

Since the discount account was not debited, it will now be debited to rectify the error.
Question 8
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.5500

B
Cr Rs.5000

C
Dr. Rs.500

D
Dr. Rs.6000

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 9
1 / -0

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

A

B

C

D

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 10
1 / -0

Purchase of furniture for Rs.5000 was entered in the Purchases Book. To rectify the error

A
Purchases account will be credited

B
Purchases account will be debited and furniture account will be credited

C
furniture account will be debited

D
Purchases account will be credited and furniture account will be debited

Solution

Furniture account should have been debited but it was not, so it will now be debited.Purchase account was wrongly debited so it will now be credited.
Question 11
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
Suspense

C
Manish

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 12
1 / -0

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

A

B

C

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 13
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

B

C

D

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 14
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.2700

C
Dr staff loan account by Rs.2500

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
Question 15
1 / -0

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

A

B

C

D

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 16
1 / -0

Salary of Rs.7500 paid to Accountant Raman was debited to his Personal account. The rectifying journal entry would be

A

B

C

D

Solution

Salary account had to be debited but it was not, so it will now be debited. Raman's account was wrongly debited so it will now be credited.
Question 17
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

B

C

D

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 18
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 19
1 / -0

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

A

B

C

D

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 20
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.2400

C
Dr. pre-paid insurance by Rs.4800

D
Cr. pre-paid insurance by Rs.4800

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).