Single sided errors

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  • Q1

    Goods for INR 5,000 purchased from Saina, have been posted on the debit side of Saina’s account. This is a/an

    Marks:1
    Answer:

    posting to the wrong side.

    Explanation:

    Goods for INR 5,000 purchased from Saina, posted on the debit side of Saina’s account, shows the error of posting to the wrong side.

    Due to this, the debit side of the trial balance will exceed the credit side by INR 10,000.

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  • Q2

    Goods purchased from Tom for INR 5,000 have been recorded in the purchase book, but the amount has been wrongly posted as INR 500 instead of INR 5,000. This is an error of

    Marks:1
    Answer:

    posting of wrong amount.

    Explanation:

    The trial balance will not tally if the posting in an account is made with an incorrect amount.

    Goods for INR 5,000 have been purchased from Tom, if it has been correctly entered in the purchase book but while posting to Tom’s credit, the amount posted is INR 500 instead of INR 5,000, the trial balance will not tally.

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  • Q3

    INR 500 received from Raj, entered in the cash book, was omitted to be posted on the credit side of Raj’s account. In this case, trial balance

    Marks:1
    Answer:

    will be affected.

    Explanation:

    If INR 500 has been received from Raj and correctly entered in the cash book, but has been omitted to be posted on the credit side of Raj’s account, the trial balance will not tally.

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  • Q4

    Trial balance is affected when

    Marks:1
    Answer:

    there is double posting in a single account.

    Explanation:

    Trial balance affected by double posting in a single account.

    If INR 1,000 has been received from A and correctly entered in the cash book, but it is posted twice on the credit side of A’s account, the trial balance will not tally.

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  • Q5

    The purchases book was undercast by ` 1,000. The rectification will be made where purchases account is debited and the account credited is

    Marks:1
    Answer:

    Suspense A/c.

    Explanation:

    The purchases book was undercast by INR 1,000. The rectification will be made by passing the following entry:

    Date

    Particulars

    L.F.

    Dr. `

    Cr. `

     

    Purchases A/c

    Dr.

     

    1,000

     

     

    To Suspense A/c

     

     

    1,000

     

    (Undercasting of purchases book now rectified)

     

     

     

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