Business, 23.10.2020 19:20 celeste961

Ramniwas, a book-keeper, taking out a trial balance as on 31st March 2005, found that its debit and credit columns did not agree. He proceeded to check the entries and discovered the following errors: A credit sale of Rs. 1,000 to Ajay had been correctly entered in the Sales Book but Ajay’s Account had been debited with Rs. 100 only.

The total of the Bills Payable Book Rs. 5,000 had been posted to the credit of Bills Receivable Account.

Rs. 2,500 paid to Ram had been wrongly posted to Shyam.

Rs. 100 owing by a customer had been omitted from the list of debtors.

The discount column of the Cash Book representing discount allowed to customer has been over-added by Rs. 10.

Goods worth Rs. 100 taken by the proprietor omitted to be recorded in the books.

Depreciation on furniture Rs. 100, had not been posted to Depreciation Account.

The total of Sales Book had been added Rs. 1,000 short.

Which of the above errors caused the totals of the Trial Balance to disagree and by how much did the totals differ?

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 03:50

John is a 45-year-old manager who enjoys playing basketball in his spare time with his teenage sons and their friends. at work he finds that he is better able to solve problems that come up because of his many years of experience, but while on the court, he finds he is not as good keeping track of the ball while worrying about the other players. john's experience is:

Answers: 1

Answer

Business, 22.06.2019 18:30

Afarmer is an example of what kind of producer?

Answers: 2

Answer

Business, 22.06.2019 22:00

You wish to retire in 13 years, at which time you want to have accumulated enough money to receive an annual annuity of $23,000 for 18 years after retirement. during the period before retirement you can earn 9 percent annually, while after retirement you can earn 11 percent on your money. what annual contributions to the retirement fund will allow you to receive the $23,000 annuity? use appendix c and appendix d for an approximate answer, but calculate your final answer using the formula and financial calculator methods.

Answers: 1

Answer

Business, 22.06.2019 23:30

Which statement best describes the two reactions? abcl, + h2 → 2hci2h + h = he + inreaction a involves a greater change, and reaction b involves a change in element identity.reaction b involves a greater change and a change in element identityreaction a involves a greater change and a change in element identity.reaction b involves a greater change, and reaction a involves a change in element identity.

Answers: 1

Answer

You know the right answer?

Ramniwas, a book-keeper, taking out a trial balance as on 31st March 2005, found that its debit and...

Questions