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If a sales return of Rs.1,500 has been wrongly posted to the credit of the purchase returns account, but has been correctly entered in the trade receivable’s account, the total of the
- a)trial balance would show the debit side to be Rs.3,000 more than the credit
- b)trial balance would show the credit side to be Rs.3,000 more than the debit
- c)the debit side of the trial balance will be Rs.1,500 more than the credit side
- d)the credit side of the trial balance will be Rs.1,500 more than the debit side
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
If a sales return of Rs.1,500 has been wrongly posted to the credit of...
Incorrect Posting of Sales Return in Accounts
Explanation:
When a sales return of Rs.1,500 is wrongly posted to the credit of the purchase returns account, it means that the purchase returns account is credited with Rs.1,500 instead of the sales returns account. However, the trade receivables account is correctly credited with Rs.1,500.
Effect on Trial Balance:
The trial balance is a statement that lists all the debit and credit balances of accounts in a company's accounting records. It is used to ensure that the total debits equal the total credits in the accounts. In this case, since the sales return has been wrongly credited to the purchase returns account, the trial balance will be affected as follows:
- The credit balance of the purchase returns account will be overstated by Rs.1,500.
- The debit balance of the sales returns account will be understated by Rs.1,500.
- The credit balance of the trade receivables account will be correctly stated as Rs.1,500.
As a result, the trial balance will show the debit side to be Rs.3,000 more than the credit side. This is because the total debit balance of the accounts will be higher than the total credit balance by Rs.3,000 (Rs.1,500 understated in sales returns + Rs.1,500 overstated in purchase returns).
Conclusion:
Therefore, the correct option is (a) the trial balance would show the debit side to be Rs.3,000 more than the credit.
Explanation:
When a sales return of Rs.1,500 is wrongly posted to the credit of the purchase returns account, it means that the purchase returns account is credited with Rs.1,500 instead of the sales returns account. However, the trade receivables account is correctly credited with Rs.1,500.
Effect on Trial Balance:
The trial balance is a statement that lists all the debit and credit balances of accounts in a company's accounting records. It is used to ensure that the total debits equal the total credits in the accounts. In this case, since the sales return has been wrongly credited to the purchase returns account, the trial balance will be affected as follows:
- The credit balance of the purchase returns account will be overstated by Rs.1,500.
- The debit balance of the sales returns account will be understated by Rs.1,500.
- The credit balance of the trade receivables account will be correctly stated as Rs.1,500.
As a result, the trial balance will show the debit side to be Rs.3,000 more than the credit side. This is because the total debit balance of the accounts will be higher than the total credit balance by Rs.3,000 (Rs.1,500 understated in sales returns + Rs.1,500 overstated in purchase returns).
Conclusion:
Therefore, the correct option is (a) the trial balance would show the debit side to be Rs.3,000 more than the credit.
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Community Answer
If a sales return of Rs.1,500 has been wrongly posted to the credit of...
Right entry :-
sales return a/c dr. 1500
To customer ac 1500
wrong entry:-
To customer ac dr. 1500
To purchase return ac 1500
wrong trail balance
credit side is more than 3000 form debit side
sales return a/c dr. 1500
To customer ac 1500
wrong entry:-
To customer ac dr. 1500
To purchase return ac 1500
wrong trail balance
credit side is more than 3000 form debit side
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If a sales return of Rs.1,500 has been wrongly posted to the credit of the purchase returns account, but has been correctly entered in the trade receivables account, the total of thea)trial balance would show the debit side to be Rs.3,000 more than the creditb)trial balance would show the credit side to be Rs.3,000 more than the debitc)the debit side of the trial balance will be Rs.1,500 more than the credit sided)the credit side of the trial balance will be Rs.1,500 more than the debit sideCorrect answer is option 'A'. Can you explain this answer?
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If a sales return of Rs.1,500 has been wrongly posted to the credit of the purchase returns account, but has been correctly entered in the trade receivables account, the total of thea)trial balance would show the debit side to be Rs.3,000 more than the creditb)trial balance would show the credit side to be Rs.3,000 more than the debitc)the debit side of the trial balance will be Rs.1,500 more than the credit sided)the credit side of the trial balance will be Rs.1,500 more than the debit sideCorrect answer is option 'A'. Can you explain this answer? for CA CPT 2025 is part of CA CPT preparation. The Question and answers have been prepared according to the CA CPT exam syllabus. Information about If a sales return of Rs.1,500 has been wrongly posted to the credit of the purchase returns account, but has been correctly entered in the trade receivables account, the total of thea)trial balance would show the debit side to be Rs.3,000 more than the creditb)trial balance would show the credit side to be Rs.3,000 more than the debitc)the debit side of the trial balance will be Rs.1,500 more than the credit sided)the credit side of the trial balance will be Rs.1,500 more than the debit sideCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA CPT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If a sales return of Rs.1,500 has been wrongly posted to the credit of the purchase returns account, but has been correctly entered in the trade receivables account, the total of thea)trial balance would show the debit side to be Rs.3,000 more than the creditb)trial balance would show the credit side to be Rs.3,000 more than the debitc)the debit side of the trial balance will be Rs.1,500 more than the credit sided)the credit side of the trial balance will be Rs.1,500 more than the debit sideCorrect answer is option 'A'. Can you explain this answer?.
If a sales return of Rs.1,500 has been wrongly posted to the credit of the purchase returns account, but has been correctly entered in the trade receivables account, the total of thea)trial balance would show the debit side to be Rs.3,000 more than the creditb)trial balance would show the credit side to be Rs.3,000 more than the debitc)the debit side of the trial balance will be Rs.1,500 more than the credit sided)the credit side of the trial balance will be Rs.1,500 more than the debit sideCorrect answer is option 'A'. Can you explain this answer? for CA CPT 2025 is part of CA CPT preparation. The Question and answers have been prepared according to the CA CPT exam syllabus. Information about If a sales return of Rs.1,500 has been wrongly posted to the credit of the purchase returns account, but has been correctly entered in the trade receivables account, the total of thea)trial balance would show the debit side to be Rs.3,000 more than the creditb)trial balance would show the credit side to be Rs.3,000 more than the debitc)the debit side of the trial balance will be Rs.1,500 more than the credit sided)the credit side of the trial balance will be Rs.1,500 more than the debit sideCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA CPT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If a sales return of Rs.1,500 has been wrongly posted to the credit of the purchase returns account, but has been correctly entered in the trade receivables account, the total of thea)trial balance would show the debit side to be Rs.3,000 more than the creditb)trial balance would show the credit side to be Rs.3,000 more than the debitc)the debit side of the trial balance will be Rs.1,500 more than the credit sided)the credit side of the trial balance will be Rs.1,500 more than the debit sideCorrect answer is option 'A'. Can you explain this answer?.
Solutions for If a sales return of Rs.1,500 has been wrongly posted to the credit of the purchase returns account, but has been correctly entered in the trade receivables account, the total of thea)trial balance would show the debit side to be Rs.3,000 more than the creditb)trial balance would show the credit side to be Rs.3,000 more than the debitc)the debit side of the trial balance will be Rs.1,500 more than the credit sided)the credit side of the trial balance will be Rs.1,500 more than the debit sideCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA CPT.
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If a sales return of Rs.1,500 has been wrongly posted to the credit of the purchase returns account, but has been correctly entered in the trade receivables account, the total of thea)trial balance would show the debit side to be Rs.3,000 more than the creditb)trial balance would show the credit side to be Rs.3,000 more than the debitc)the debit side of the trial balance will be Rs.1,500 more than the credit sided)the credit side of the trial balance will be Rs.1,500 more than the debit sideCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for If a sales return of Rs.1,500 has been wrongly posted to the credit of the purchase returns account, but has been correctly entered in the trade receivables account, the total of thea)trial balance would show the debit side to be Rs.3,000 more than the creditb)trial balance would show the credit side to be Rs.3,000 more than the debitc)the debit side of the trial balance will be Rs.1,500 more than the credit sided)the credit side of the trial balance will be Rs.1,500 more than the debit sideCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of If a sales return of Rs.1,500 has been wrongly posted to the credit of the purchase returns account, but has been correctly entered in the trade receivables account, the total of thea)trial balance would show the debit side to be Rs.3,000 more than the creditb)trial balance would show the credit side to be Rs.3,000 more than the debitc)the debit side of the trial balance will be Rs.1,500 more than the credit sided)the credit side of the trial balance will be Rs.1,500 more than the debit sideCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
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