Advertisements
Advertisements
Question
The following error were located by the accountant before the preparation of trial balance. Rectify them.
The total of the discount column of ₹ 1,100 on the debit side of the cash book was not yet posted.
Solution
| Particulars | L.F. | Dr. (₹) | Cr. (₹) |
| Discount allowed A/c Dr. To Suspense A/c (Omission to post the total of discount allowed, not rectified) |
1,100 | 1,100 |
APPEARS IN
RELATED QUESTIONS
Rectify the following error which were located before preparing the trial balance.
Wages paid ₹ 2,000 for the erection of machinery was debited to wages account.
Rectify the following error which were located before preparing the trial balance.
Sales returns book was short totaled by ₹ 1,000.
Rectify the following error which were located before preparing the trial balance.
Goods purchased for ₹ 200 were posted as ₹ 2,000 to the purchases account.
Rectify the following error which were located before preparing the trial balance.
The sales book was overcast by ₹ 1,500.
Rectify the following error which were located before preparing the trial balance.
Cash paid to Mukil ₹ 2,800 which was debited to Akhil’s account as ₹ 2,000.
The following error were located at the time of preparing trial balance. Rectify them.
A personal expense of the proprietor ₹ 200 was debited to travelling expenses account.
The following error were located at the time of preparing trial balance. Rectify them.
An amount of ₹ 500 paid as salaries to Mathi was debited to his personal account.
The following error were located at the time of preparing trial balance. Rectify them.
An amount of ₹ 2,700 paid for the extension of the building was debited to the repairs account.
The following error were located at the time of preparing trial balance. Rectify them.
A credit sale of goods of ₹ 700 on credit to Mekala was posted to Krishnan’s account.
The accountant of a firm located the following error after preparing the trial balance. Rectify them assuming that there is a suspense account.
Used furniture sold for ₹ 350 was credited to the sales account.
