Rectification for Posting of Wrong Amount

Q.

Sales return account is overcasted by Rs 1000. To rectify this, which account shall be debited by Rs 1000?

1. Sales return account

2. Sales account

3. Suspense account

4. None of the above

Q. Furniture purchased from ABC Ltd. for Rs.10, 000 was wrongly entered in journal as Rs.1, 00, 000. To rectify the same, account shall be credited

1. Furniture
2. Cash
3. Suspense
4. ABC Ltd.

Q.

Credit sales to Mohan Rs. 1, 000 were recorded as Rs. 10, 000 in the sales book. To rectify the same, the sales account shall be ___

1. Credited by Rs 1000

2. Credited by Rs 9000

3. Debited by Rs 1000

4. Debited by Rs 9000

Q.

Credit sales of Rs 6000 was recorded as Rs 600 by mistake. Which of the following accounts shall be credited to rectify the same?

1. Suspense Account

2. ABC`s Account

3. Sales account

4. Purchases Account

Q.

Sohan’s A/c is debited by Rs. 2, 500 while it was to be debited by Rs. 3, 500 and Mohan’s A/c is debited by Rs. 3, 500 while the same was to be debited by Rs. 2, 500. For this error, which of the following can be a rectifying entry?

1. Sohan's account debit & Mohan's account credit by Rs. 1, 000

2. None of the above

3. Mohan's account debit & Sohan's account credit by Rs. 1, 000

4. Debit the profit & loss account by Rs. 1, 000

Q. Sales to Arul amounting to Rs.1, 540 has been posted to his account as Rs.1, 450. To rectify this error, Arul's account shall be by .

1. debited
2. credited
3. Rs.90
4. Rs.180

Q. By mistake, the credit sales to ABC of Rs.6, 000 were recorded as Rs.600. To rectify the same error account is credited.

1. Suspense
2. ABC
3. Sales return
4. Sales

Q.

Goods worth Rs 1550 were purchased from Mayuri. It was recorded as Rs 1500 by mistake. Which account shall be debited & by what amount to rectify this mistake?

1. Mayuri`s account by Rs 50

2. Purchase account by Rs 500

3. Purchase account by Rs 50

4. Mayuri`s account by Rs 500

Q.

Furniture purchased for Rs 10000 was wrongly entered as Rs 100, 000. Which account shall be credited to rectify this mistake?

1. Furniture Account

2. Cash Account

3. None of the above

4. Bank Account

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

1. Rs. 5000
2. Rs. 500
3. Rs. 5, 500
4. Rs. 4, 500

Q.

Goods worth Rs 1550 were sold to Sujata. It was recorded as Rs 1050 instead of Rs 1550. To rectify this mistake which of the following is correct?

1. Suspense account shall be debited by Rs 500

2. Sales account shall be credited by Rs 500

3. Sujata`s account shall be debited by Rs 500

4. B & C both

Q. Commission received Rs. 2, 500 correctly entered in the cash book but posted to the debit side of commission account. In the Trial Balance:

1. The credit total will be greater by Rs. 5, 000 than the debit total
2. The debit total will be greater by Rs. 2, 500 than the credit total
3. The debit total will be greater by Rs. 5, 000 than the credit total
4. The credit total will be greater by Rs. 2, 500 than the debit total