Start learning →

Purchases of Rs 5,000 were debited to Purchases but credited to the supplier as Rs 500. The trial balance shows

ACredit excess of 4,500
BCredit excess of 5,500
CDebit excess of 4,500
DDebit excess of 5,500
Answer & Solution
Correct answer: C. Debit excess of 4,500
Debits rose by 5,000 and credits by only 500, so debits exceed credits by Rs 4,500.
Practise this question with Quill — CA Foundation →

Keep practising Trial Balance

Browse all Trial Balance questions for CA Foundation, or explore more Accounting topics.

Start a Trial Balance lesson →
Related questions
Which entries decrease an account on the right side of the equation, such as a liability?Which of these is a non-current asset?Which is a long-term liability?Claims of the owners on the assets of the business are shown inDebts or future obligations owed to others are recorded inDebtors, cash and stock are examples ofThe general ledger holds a ledger account for each item in theA suspense account is used to