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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 debtors’ 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 'B'. Can you explain this answer?
Verified Answer
If a sales return of Rs. 1,500 has been wrongly posted to the credit o...
The correct answer is b. The trial balance would show the credit side to be Rs. 3,000 more than the debit side.
Explanation:
When the sales return of Rs. 1,500 has been wrongly posted to the credit of the purchase returns account, the following errors occur:
- The sales return account is not credited with Rs. 1,500, so the credit side is understated by Rs. 1,500.
- The purchase returns account is wrongly credited with Rs. 1,500, so the credit side is overstated by Rs. 1,500.
These errors lead to a net effect of the credit side being Rs. 3,000 more than the debit side in the trial balance.
To summarize:
- The sales return account should have been credited with Rs. 1,500, but it was not. This leads to an understatement of the credit side by Rs. 1,500.
- The purchase returns account was wrongly credited with Rs. 1,500, which leads to an overstatement of the credit side by Rs. 1,500.
- The net effect of these errors is that the credit side of the trial balance is Rs. 3,000 more than the debit side.
Explanation:
When the sales return of Rs. 1,500 has been wrongly posted to the credit of the purchase returns account, the following errors occur:
- The sales return account is not credited with Rs. 1,500, so the credit side is understated by Rs. 1,500.
- The purchase returns account is wrongly credited with Rs. 1,500, so the credit side is overstated by Rs. 1,500.
These errors lead to a net effect of the credit side being Rs. 3,000 more than the debit side in the trial balance.
To summarize:
- The sales return account should have been credited with Rs. 1,500, but it was not. This leads to an understatement of the credit side by Rs. 1,500.
- The purchase returns account was wrongly credited with Rs. 1,500, which leads to an overstatement of the credit side by Rs. 1,500.
- The net effect of these errors is that the credit side of the trial balance is Rs. 3,000 more than the debit side.
Most Upvoted Answer
If a sales return of Rs. 1,500 has been wrongly posted to the credit o...
Explanation:
The 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 debtors account. This means that the credit side of the purchase returns account has been overstated by Rs. 1,500 and the debit side of the debtors account has been understated by the same amount.
Effects on Trial Balance:
As a result of this error, the trial balance will show the credit side to be Rs. 1,500 more than the debit side. This is because the sales return of Rs. 1,500 has been credited to the wrong account (purchase returns account) instead of being debited to the correct account (debtors account).
Therefore, option B is the correct answer.
To summarize:
- Error: Sales return of Rs. 1,500 wrongly posted to the credit of the purchase returns account but correctly entered in the debtors account.
- Effect on trial balance: Credit side will be Rs. 1,500 more than the debit side.
- Correct answer: Option B.
The 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 debtors account. This means that the credit side of the purchase returns account has been overstated by Rs. 1,500 and the debit side of the debtors account has been understated by the same amount.
Effects on Trial Balance:
As a result of this error, the trial balance will show the credit side to be Rs. 1,500 more than the debit side. This is because the sales return of Rs. 1,500 has been credited to the wrong account (purchase returns account) instead of being debited to the correct account (debtors account).
Therefore, option B is the correct answer.
To summarize:
- Error: Sales return of Rs. 1,500 wrongly posted to the credit of the purchase returns account but correctly entered in the debtors account.
- Effect on trial balance: Credit side will be Rs. 1,500 more than the debit side.
- Correct answer: Option B.
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If a sales return of Rs. 1,500 has been wrongly posted to the credit o...
Sales returns account shows a Debit balance and it is to be posted to the debit side of trial balance and the Purchase returns account shows a credit balance and it is to be posted to the credit side of trial balance here the sales return account is not debited with 1500 rupees hence the total of debit side of the trial balance will show 1500 less and again the 1500 is wrongly credited to purchase returns account and hence 1500 rupees will be overvalued in the credit side of trial balance and the net result will be the debit side total of trial balance will be 3000 less than the total of credit side of trial balance and hence option B is the correct 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 debtors’ account, the total of thea)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 'B'. 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 debtors’ account, the total of thea)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 'B'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation 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 debtors’ account, the total of thea)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 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 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 debtors’ account, the total of thea)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 'B'. 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 debtors’ account, the total of thea)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 'B'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation 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 debtors’ account, the total of thea)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 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 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 debtors’ account, the total of thea)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 'B'. 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 debtors’ account, the total of thea)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 'B'. 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 debtors’ account, the total of thea)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 'B'. 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 debtors’ account, the total of thea)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 'B'. Can you explain this answer? theory, EduRev gives you an
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