alleryStart learning →Trial balance debit total is Rs 1,00,000 and credit total Rs 96,000. Suspense shows
ARs 96,000 on debit side
BRs 4,000 on credit side
CRs 1,96,000 on credit side
DRs 4,000 on debit side
Answer & Solution
Correct answer: B. Rs 4,000 on credit side
Credit is short by 4,000, so suspense is placed on the credit side.
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 becauseWages 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 A sales return by Megha, Rs 1,600, was posted as Rs 1,000. Rectify.