Trial Balance and Rectification of Errors · Class 11 · CBSE · Commerce Accountancy
An amount of Rs. 5,000 received from Mohan was correctly entered in the cash book but was omitted to be posted to Mohan's personal account. What will…
Practice question from Trial Balance and Rectification of Errors (Class 11 · CBSE · Commerce Accountancy), with the correct answer and a step-by-step solution.
medium · MCQ · Q-7B9B5F
An amount of Rs. 5,000 received from Mohan was correctly entered in the cash book but was omitted to be posted to Mohan's personal account. What will be the rectifying entry?
- A.Debit Cash A/c by Rs. 5,000 and Credit Mohan's A/c by Rs. 5,000
- B.Debit Suspense A/c by Rs. 5,000 and Credit Mohan's A/c by Rs. 5,000Correct answer
- C.Debit Mohan's A/c by Rs. 5,000 and Credit Suspense A/c by Rs. 5,000
- D.Debit Mohan's A/c by Rs. 5,000 and Credit Cash A/c by Rs. 5,000
Solution
Since the cash book was correct, the trial balance disagreed. The omission of posting to Mohan's credit means Mohan's account needs to be credited, and the counterpart is the Suspense Account because the trial balance had a difference.
More from Trial Balance and Rectification of Errors
- Which of the following errors is not disclosed by a Trial Balance?
- If a suspense account is opened to tally a trial balance, it will eventually be closed when:
- Which of the following is considered an error of principle?
- Goods worth Rs. 3,000 returned by a customer were taken into stock, but no entry was passed in the books. This is an example of:
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