Which of the following balances will be shown in the debit column of the trial balance?

Total interest paid of Rs. 140

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Total purchases of Rs. 14,680

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Total bank overdraft of Rs. 4,877

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Both A and B

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Solution

The correct option is D
Both A and B

Both interest paid of Rs. 140 and purchases of Rs. 14,680 will be shown in the debit column of the trial balance.

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(1) Sales of Rs

950

to Ram completely omitted from books of account.
(2) Purchases of Rs

720

from Shyam entered in the purchases journal as Rs

700

.
(3) Purchases Journal is overcast by Rs

1, 000

(4) Sales returns journal is under cast by Rs

200

.
(5) Amount paid to Agarwal wrongly posted to the debit to Mittal's account.
(6) Bank overdraft shown under debit column in the Trial Balance.
(7) Sales of Rs

500

to Sadiq entered in sales journal as sales to Mushtaq.
(8) Wages paid for installation of machinery debited to wages account.
Select the correct answer from the options given below.

As an accountant of a company, you are disappointed to learn that the totals in your new trial balance are not equal. After going through a careful analysis, you have discovered only one error. Specifically, the balance of the Office Equipment account has a debit balance of Rs. 15,600 on the trial balance. However, you have figured out that a correctly recorded credit purchase of pen-drive for Rs 3,500 was posted from the journal to the ledger with a Rs. 3,500 debit to Office Equipment and another Rs. 3,500 debit to creditors accounts. Answer each of the following questions and present the amount of any misstatement :

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Which of the following balances will be shown in the debit column of the trial balance?

The correct option is D Both A and B Both interest paid of Rs. 140 and purchases of Rs. 14,680 will be shown in the debit column of the trial balance.

The correct option is D
Both A and B

Both interest paid of Rs. 140 and purchases of Rs. 14,680 will be shown in the debit column of the trial balance.