A trial balance will not balance if ______________.

correct journal entry is posted twice.

No worries! We‘ve got your back. Try BYJU‘S free classes today!

the purchase on credit basis is debited to purchases and credited to cash.

No worries! We‘ve got your back. Try BYJU‘S free classes today!

instead of debit to creditors account of

R s . 500

, it is posted as

R s . 50

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

None of the Above.

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is D instead of debit to creditors account of $R s . 500$ , it is posted as $R s . 50$ .
Option C is correct.
Instead of debit of Rs.500 to creditors, a posting is done only for Rs.50 but on the other side, cash is correctly credited by Rs.500.

In such case there will a difference in trial balance for Rs.450 and trial balance will not tally.

Suggest Corrections

Similar questions

Rectify the following errors assuming that a suspense account was opened.

Ascertain the difference in trial balance.

(a)	Credit sales to Mohan Rs 7,000 were posted to the credit of his account.
(b)	Credit purchases from Rohan Rs 9,000 were posted to the debit of his account as Rs 6,000.
(c)	Goods returned to Rakesh Rs 4,000 were posted to the credit of his account.
(d)	Goods returned from Mahesh Rs 1,000 were posted to the debit of his account as Rs 2,000.
(e)	Cash sales Rs 2,000 were posted to the debit of sales account as Rs 5,000.

Rectify the following errors assuming that a suspense account was opened. Ascertain the difference in trial balance.

(a) Credit sales to Mohan Rs. 7,000 were posted to the credit of his account.

(b) Credit purchase from Rohan Rs. 9,000 were posted to the debit of his account as Rs. 6,000.

(d) Goods returned from Mahesh Rs. 1,000 were posted to the debit of his account as Rs. 2,000.

(e) Cash sales Rs. 2,000 were posted to the debit of sales account as Rs. 5000.

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.

Rectify the following errors assuming that a suspense account was opened. Ascertain the difference in trial balance.

(a) Credit sales to Mohan Rs. 7000 were posted to Karan as Rs. 5000

(b) Credit purchase from Rohan Rs. 9000 were posted to the debit of Gobind as Rs. 10000

(d) Goods returned from Mahesh Rs. 1000 were posted to the debit of Manish as Rs. 2000

(e) Cash sales Rs. 2000 were posted to commission account as Rs. 200

Rectify the following errors assuming that a suspense account was opened.

Ascertain the difference in trial balance.

(a)	Credit sales to Mohan Rs 7,000 were posted to Karan as Rs 5,000.
(b)	Credit purchases from Rohan Rs 9,000 were posted to the debit of Gobind as Rs 10,000.
(c)	Goods returned to Rakesh Rs 4,000 were posted to the credit of Naresh as Rs 3,000.
(d)	Goods returned from Mahesh Rs 1,000 were posted to the debit of Manish as Rs 2,000.
(e)	Cash sales Rs 2,000 were posted to commission account as Rs 200.

Join BYJU'S Learning Program