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A machine is purchased for Rs. 15000 which was wrongly recorded in purchase account. Due to this trial balance will show : A) Trial difference of Rs. 15000 B) Not show any difference C) The difference of Rs. 30,000 D) Difference of Rs. 7500?
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A machine is purchased for Rs. 15000 which was wrongly recorded in pur...
When a machine is purchased for Rs. 15000 and it is wrongly recorded in the purchase account, it will have an impact on the trial balance. The trial balance is a statement that lists all the debit and credit balances of accounts in a ledger. It is prepared to check the arithmetical accuracy of the accounts and to ensure that the total of debits equals the total of credits.
The purchase of the machine for Rs. 15000 was wrongly recorded in the purchase account. This means that the debit side of the purchase account was not increased by Rs. 15000. As a result, the trial balance will show a difference between the total of debits and the total of credits.
A) Trial difference of Rs. 15000
B) Not show any difference
C) The difference of Rs. 30,000
D) Difference of Rs. 7500
In this case, the correct option would be A) Trial difference of Rs. 15000.
The purchase of the machine was not recorded in the purchase account, which means that the debit side of the purchase account was not increased by Rs. 15000. As a result, the total of debits will be less than the total of credits by Rs. 15000. This difference will be reflected in the trial balance as a trial difference of Rs. 15000.
When a machine is purchased for Rs. 15000 and it is wrongly recorded in the purchase account, the trial balance will show a trial difference of Rs. 15000. This is because the debit side of the purchase account was not increased by the amount of the machine purchase.
Community Answer
A machine is purchased for Rs. 15000 which was wrongly recorded in pur...
No it doesn't effect the trial balance
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A machine is purchased for Rs. 15000 which was wrongly recorded in purchase account. Due to this trial balance will show : A) Trial difference of Rs. 15000 B) Not show any difference C) The difference of Rs. 30,000 D) Difference of Rs. 7500?
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A machine is purchased for Rs. 15000 which was wrongly recorded in purchase account. Due to this trial balance will show : A) Trial difference of Rs. 15000 B) Not show any difference C) The difference of Rs. 30,000 D) Difference of Rs. 7500? for Class 11 2024 is part of Class 11 preparation. The Question and answers have been prepared according to the Class 11 exam syllabus. Information about A machine is purchased for Rs. 15000 which was wrongly recorded in purchase account. Due to this trial balance will show : A) Trial difference of Rs. 15000 B) Not show any difference C) The difference of Rs. 30,000 D) Difference of Rs. 7500? covers all topics & solutions for Class 11 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A machine is purchased for Rs. 15000 which was wrongly recorded in purchase account. Due to this trial balance will show : A) Trial difference of Rs. 15000 B) Not show any difference C) The difference of Rs. 30,000 D) Difference of Rs. 7500?.
A machine is purchased for Rs. 15000 which was wrongly recorded in purchase account. Due to this trial balance will show : A) Trial difference of Rs. 15000 B) Not show any difference C) The difference of Rs. 30,000 D) Difference of Rs. 7500? for Class 11 2024 is part of Class 11 preparation. The Question and answers have been prepared according to the Class 11 exam syllabus. Information about A machine is purchased for Rs. 15000 which was wrongly recorded in purchase account. Due to this trial balance will show : A) Trial difference of Rs. 15000 B) Not show any difference C) The difference of Rs. 30,000 D) Difference of Rs. 7500? covers all topics & solutions for Class 11 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A machine is purchased for Rs. 15000 which was wrongly recorded in purchase account. Due to this trial balance will show : A) Trial difference of Rs. 15000 B) Not show any difference C) The difference of Rs. 30,000 D) Difference of Rs. 7500?.
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