Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...


how will rectify the error in trial balance.

Answers were Sorted based on User's Feedback



how will rectify the error in trial balance...

Answer / uma

It would be difficult to find out error in trial balance
for that u need to check out all the double entry book
keeping's and their ledger postings. If u would find it out
in the trial balance u could create suspence account to
equate the debit and credit total balance.

Is This Answer Correct ?    3 Yes 0 No

how will rectify the error in trial balance...

Answer / ramla

By creating suspence account

Is This Answer Correct ?    0 Yes 0 No

Post New Answer

More Accounting General Interview Questions

What is mean by working capital?

0 Answers  


What is debit and credit note?

0 Answers  


What is the order of priority of the following. 1.Trial Balance,2.Sales Ledger,3.Journal Entry,4.General Ledger,5.Balance Sheet,6.Profit and Loss Account,7.Cash Flow and fund flows.

1 Answers  


The following transactions relating to ABC Ltd for the month of 20x1 a) Services performed in relation to income recieved in advance total $1500 b)Supplies expense includes $400 of supplies that are still on hand at 30 June c)Interest accrued on the bank loan is 750 d)At the end of june paid rent for 3 months (June, july Aug) $6000 e)Credit sales for the month of June 2009 amounted to $50000. Past expierence shows that around 1.5% of net credit sales are written off as bad debts. XYZ ltd, previously notified ABC ltd that they have gone bankrupt, will be able to pay $1000, which was recieved at the end of the month. The provision of doubtful debt has an opening balance of $800. f) The owners of ABC Ltd wish to revise the balance of the provision of doubtful debts account to $3500. g) Depreciation of one year on the delivary van is $1500. h) On 30 June 2009, ABC Ltd sold an item of equipment for $40000 cash. The cost of equipment was $50000 and had a accumulated depreciation balance of $2000 REQUIRED: Prepare the relevant adjusting journal entries for the month of June 20x2

0 Answers  


what is purchase consideration?

1 Answers  


how to adding entries in tally complete new company

2 Answers  


What is the main difference between Net Worth and Net Asset Value ?

2 Answers  


Do is it proper fo an engineer to head a bank without a good backgroud in accounting? ?

0 Answers  


What is the TDS rate in Maharastra, Tamil Nadu, Karnakata,Odisha & West Bengal. What is about Profession Tax.

0 Answers  


examples of real accounts

3 Answers  


Name three (3) fixed-income security types

2 Answers  


Tell me what do you believe makes a successful account executive?

0 Answers  


Categories