Multiple choice

While checking the accounts of ABC, the following discrepancies were noticed, even though the Trial Balance was made to balance by putting the difference to Suspense Account.

(i) Sales day book for the month of June 2012 was found overcast by Rs. 7,000. (ii) A credit purchase of Rs. 3,000 was omitted to be recorded in the days book. (iii) Rs. 4,300 received from A credited to A's account as Rs. 3,400. (iv) Purchase of Office Equipment worth Rs. 5,000 included in trading purchases.

From the above details, what would have been the difference in Trial Balance which was made to balance by opening Suspense Account?

  1. Debit side short by Rs. 9,100

  2. Credit side short by Rs. 9,100

  3. Debit side more by Rs. 7,900

  4. Credit side more by Rs. 6,100
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Correct Answer:

(i)   Sales credited more by Rs. 7,000 (ii)  No suspense account (iii) A's account under credited by Rs. 900 (iv) No suspense account.  Thus, credit side is more by Rs. 6,100.

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