INTERVIEW QUESTIONS ACCOUNTING PROCESS TRIAL BALANCE DETAILS

Question: Bhandari's trial balance was showing difference of Rs. 5,000 ( debit side exceeds). While checking of total sales register, he found that the total is over- cast by Rs. 2,000. After correction in sales register what would be the difference in his trial balance. a) Debit side exceeds by Rs. 7,000 b) Debit side exceeds by Rs. 5,000 c) Debit side exceeds by Rs. 3,000 d) Credit side exceeds by Rs. 3,000

Answer: (a) Debit side exceeds by Rs. 7,000
Description: With a difference of Rs. 5,000 shown in trial balance debit side was exceeding. With a reduction in the sales A/c by Rs. 2,000 Credit balance reduces by Rs. 2,000 which causes increase in debit by Rs. 2,000 i.e. the difference in Trial Balance now will be Rs. 7,000; debit side exceeding credit side.

(a) Debit side exceeds by Rs. 7,000
Description: With a difference of Rs. 5,000 shown in trial balance debit side was exceeding. With a reduction in the sales A/c by Rs. 2,000 Credit balance reduces by Rs. 2,000 which causes increase in debit by Rs. 2,000 i.e. the difference in Trial Balance now will be Rs. 7,000; debit side exceeding credit side. Source: CoolInterview.com

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