Cash sales to Shyam of Rs. 500 not recorded in the books would affect __________.

Shyam's Account

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Purchase Account

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Sales Account

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Creditors Account

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Solution

The correct option is C Sales Account
When sales to Shyam of Rs. 500 is made for cash, entry to be passed is:
Cash Account Dr.
To Sales account
This leads to error of omission i.e. when any transaction is not recorded in the books of original entry . Such errors do not affect trial balance.
Therefore, when such cash sale transaction is not recorded in the books, it would affect cash and sales account.

Suggest Corrections

Similar questions

Q. Sales to Shyam of Rs. 500 on credit is not recorded in the books would affect the __________.

Credit Sales to A of Rs.600 not recorded in the books would effect:

Rectify the following errors.

(a) Credit Sales to Mohan Rs. 7,000 were recorded in purchase book.

(b) Credit Purchase from Rohan Rs. 9,000 were recorded in the sales book.

(d) Goods returned from Mahesh Rs. 1,000 were recorded in purchase return book.

Trial balance of Anuj did not agree. It showed an excess credit of Rs 6,000.

He put the difference to suspense account. He discovered the following erro Rs

(a)	Cash received from Ravish Rs 8,000 posted to his account as Rs 6,000.
(b)	Returns inwards book overcast by Rs 1,000.
(c)	Total of sales book Rs 10,000 was not posted to Sales account.
(d)	Credit purchases from Nanak Rs 7,000 were recorded in sales Book. However, Nanak’s account was correctly credited.
(e)	Machinery purchased for Rs 10,000 was posted to purchases account as Rs 5,000. Rectify the errors and prepare suspense account.

The trial balance of Anuj did not agree. It showed an excess credit of Rs. 6,000. He put the difference to a suspense account. He discovered the following errors.

(a) Cash received from Ravish Rs. 8,000 posted to his account as Rs. 6,000

(b) Return inwards book overcast by Rs. 1,000

(d) Credit purchase from Nanak Rs. 7,000 were recorded in the sales book. However, Nanak's account was correctly credited.

(e) Machinery purchased for Rs. 10,000 was posted to purchase account as Rs. 5,000

Rectify the errors and prepare a suspense account.

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