Trial Balance And Rectification Of Errors(11th Grade > Accountancy ) Questions and Answers
Explanation:-
Answer: Option B. -> Sales (Dr) & Debtors (Cr) by Rs 900 each:
B
To rectify the error, Sales account shall be debited & Debtors account shall be credited to reduce the balances by Rs 900 each.
Explanation:-
Answer: Option C. -> No, it will not be revealed:
C
If salary paid to employee is entered in the personal account of employee, this error is NOT revealed by the Trial Balance.
Explanation:-
Answer: Option B. -> Purchase account by Rs 50:
B
Purchase has a debit balance which is recorded less by Rs 50, hence purchase account shall be debited.
Explanation:-
Answer: Option A. -> Repairs account is debited:
A
To record a repair or maintenance expense in your records, debit the repairs and maintenance expense account by the amount of the expense in a journal entry.
Explanation:-
Answer: Option A. -> Drawings account shall be debited & Repairs account shall be credited by Rs 410:
A
Drawings account shall be debited & Repairs account shall be credited by Rs 410.