PRC-1 · Chapter 3 · Question 94 of 100
If a cash receipt of Rs. 6,000 is correctly debited to the Cash book but the accountant completely forgets to post the credit entry to the customer's account, what is the effect on the trial balance?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) The debit column will exceed the credit column by Rs. 6,000.
Explanation
Because a debit of 6,000 was recorded but no corresponding credit of 6,000 was posted (a single-sided error), the total debits will mathematically be Rs. 6,000 higher than the total credits.
More Ledgers and Trial Balance MCQs
- Q96The correct double-entry for purchasing office stationery using physical cash is:
- Q97Which of the following lists contains ONLY accounts that normally carry a debit balance?
- Q98Which of the following lists contains ONLY accounts that normally carry a credit balance?
- Q99If the business pays a supplier Rs. 9,500 and receives a Rs. 500 settlement discount, what amounts are posted to the supplier's individual…
- Q100A 'Statement of Account' sent by a supplier to a customer is fundamentally a copy of which accounting record?