$R s .1, 000$ was paid as rent to the landlord Krishna. This amount was debited to Krishna's personal account. This error will __________.

affect agreement of the trial balance

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not affect agreement of the trial balance

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affect the suspense account

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none of the above

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Solution

The correct option is C not affect agreement of the trial balance
Rs.1000 paid for rent need to be debited to Rent A/c but wrongly debited to his landlord Krishna'a a/c. Though the accounting entry is having an error but this will not affect the trial balance as ultimately Rs. 1000 debited.

Rectification entry will be as under:

Rent A/c Dr. 1000
To Krishna A/c 1000

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Similar questions

Rs. 1,000 paid as rent to Krishna, the landlord, was debited to Krishan's personal account. This error is an:

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.

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.

Trial balance of Kohli did not agree and showed an excess debit of Rs 16,300. He put the difference to a suspense account and discovered the following errors:

(a)	Cash received from Rajat Rs 5,000 was posted to the debit of Kamal as Rs 6,000.
(b)	Salaries paid to an employee Rs 2,000 were debited to his personal account as Rs 1,200.
(c)	Goods withdrawn by proprietor for personal use Rs 1,000 were credited to sales account as Rs 1,600.
(d)	Depreciation provided on machinery Rs 3,000 was posted to Machinery account as Rs 300.
(e)	Sale of old car for Rs 10,000 was credited to sales account as Rs 6,000. Rectify the errors and prepare suspense account.

Rectify the following errors:

(a)	Salary paid Rs 5,000 was debited to employee’s personal account.
(b)	Rent Paid Rs 4,000 was posted to landlord’s personal account.
(c)	Goods withdrawn by proprietor for personal use Rs 1,000 were debited to sundry expenses account.
(d)	Cash received from Kohli Rs 2,000 was posted to Kapur’s account.
(e)	Cash paid to Babu Rs 1,500 was posted to Sabu’s account.

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Rs.1,000 was paid as rent to the landlord Krishna. This amount was debited to Krishna's personal account. This error will __________.

$R s .1, 000$ was paid as rent to the landlord Krishna. This amount was debited to Krishna's personal account. This error will __________.