Question

13) Balance of 5000 of Kaushik's account, a debtor, is left unrecorded in the trial balance. rectify the error and give a proper journal entry of these question​

Answer 1

Explanation:

A Trial Balance is a list of all the accounts maintained by the business.

If there is any error it might reflect and Trial Balance might not tally.

In case a correct journal is posted twice it might not reflect since the posting is done with the correct amount at the correct side.

In case a credit purchase is recorded as cash purchase, a creditor is not recorded but debit (Purchase) and credit side (Cash) show the amounts properly.

However, for a same journal if different amounts are recorded on the debit and credit sides, Trial Balance will not tally.