CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Which of the following errors shall NOT be rectified by using a Suspense Account?


A

Returns Outwards Books was cast Rs 10 short

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

Rs 600 paid for purchase of Office Furniture was posted to the Purchase Account.

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

A credit sale of Rs 76 was wrongly posted to the Sales Account as Rs 67.

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

Payment of a Rs100 telephone bill correctly entered in the Cash Account but debited to the Telephone Account as Rs1,000.

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

The correct option is B

Rs 600 paid for purchase of Office Furniture was posted to the Purchase Account.


This error does not effect the trial, hence suspense account shall not be used to rectify this.


flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Rectification of Errors
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon