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Question

Purchased goods of Rs. 2,400 from Simran and is correctly entered in the purchases book but posted to the credit of her account in the ledger as Rs. 3,400. Will this error create a difference in the trial balance or not?



A

No, there will be no difference

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B

Yes, a difference of Rs. 1,000

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C

Yes, a difference Rs. 2,400

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D

Yes, a difference of Rs. 3,400

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Solution

The correct option is B

Yes, a difference of Rs. 1,000


Credit side of trial balance will show a more balance by Rs. 1,000 due to posting of Rs. 3,400 instead of Rs. 2,400.


Accountancy

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