alleryStart learning →When a trial balance does not tally, the first step is to
AWrite off the gap
BRecast the totals
COpen a new account
DClose the books
Answer & Solution
Correct answer: B. Recast the totals
Recasting rules out simple addition mistakes before deeper searching.
Keep practising Trial Balance and Rectification of Errors
Browse all Trial Balance and Rectification of Errors questions for CA Foundation, or explore more Accounting topics.
Related questions
Debit and credit totals of a trial balance must agree becauseTrial balance debit total is Rs 1,00,000 and credit total Rs 96,000. Suspense showsWages of Rs 3,000 for installing a machine were debited to wages. Rectify.Rs 50,000 cash paid for machinery was debited to repairs. Rectify.Goods of Rs 3,500 returned to supplier Sunil were entered in the sales returns book. SunilA credit purchase of Rs 6,000 from Dheeru was entered in the sales book. Dheeru is creditePrior-year errors are rectified via profit and loss adjustment account toCredit purchases of Rs 5,000 from Sachin were posted to his debit side. He is credited in