A debit balance $(R s .5000)$ of Ram, a debtors entered as a credit Balance of $R s .500$ in the trial balance :

Rectifying entry is not requires to be passed

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Rectifying entry is required to be passed and posted is required in all the affected accounts.

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Rectifying entry is required to passed but no posting in the ledger required in case of Ram

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None of the above

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Solution

The correct option is C Rectifying entry is required to passed but no posting in the ledger required in case of Ram
When a debit balance is wrongly posted as credit balance in the trial balance, the trial balance will not tally and there's need for passing a rectifying entry.
In the case, debtor's account is correct and the balance calculated is correct, error is in the wrong posting to the credit side of the trial balance. Hence, rectifying entry will be passed but there would be no change in debtor's(Ram) account.

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Similar questions

Q. Rectifying Entry is not required to be posted in case of :-

A book-keeper of a trading concern having failed to agree to the trial balance opened a suspense account and entered the difference in the trial balance.

The following errors were subsequently discovered.

(i) Goods sold to Manohar for Rs. 550 was posted as Rs. 5,500 in Manohar's account.

(ii) Purchases return book was carried forward as Rs. 1,220 instead of Rs. 1,120.

You are required to pass the journal entries for rectification of the above errors.

Trial balance of Madan did not agree and he put the difference to suspense account. He discovered the following errors:

(a)	Sales return book overcast by Rs 800.
(b)	Purchases return to Sahu Rs 2,000 were not posted.
(c)	Goods purchased on credit from Narula Rs 4,000 though taken into stock, but no entry was passed in the books.
(d)	Installation charges on new machinery purchased Rs 500 were debited to sundry expenses account as Rs 50.
(e)	Rent paid for residential accommodation of madam (the proprietor) Rs 1,400 was debited to Rent account as Rs 1,000.

Rectify the errors and prepare suspense account to ascertain the difference in trial balance.

Q. To record credit sale, when del-credere commission is given which of the following entry is passed in the books of Consignee?

A. Consignment Debtors A/c To Consignor A/c	Dr.
B. Consignor A/c To Sales A/c	Dr.
C. Sales A/c To Consignment Debtors A/c	Dr.
D. No entry is required to be passed.

Trial balance of Madan did not agree and he put the difference to the suspense account. He discovered the following errors.

(a) Sales return book overcast by Rs. 800.

(b) Purchase return to Sahu Rs. 2,000 were not posted.

(d) Installation charges on new machinery purchased Rs. 500 were debited to sundry expenses account as Rs. 50.

(e) Rent paid for residential accommodation of Madan (the proprietor) Rs. 1400 was debited to rent account as Rs. 1,000.

Rectify the errors and prepare a suspense account to ascertain the difference in trial balance.

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A debit balance (Rs.5000) of Ram, a debtors entered as a credit Balance of Rs.500 in the trial balance :

A debit balance $(R s .5000)$ of Ram, a debtors entered as a credit Balance of $R s .500$ in the trial balance :