₹1,000 was paid as rent to the landlord, Krishna. This amount was debited to Krishna's personal account. This error will —

CS CSEET · Business Economics & Fundamentals of Accounting and Auditing · PYQS · December 2013
₹1,000 was paid as rent to the landlord, Krishna. This amount was debited to Krishna's personal account. This error will —
(A) Affect agreement of the trial balance.
(B) Not affect agreement of the trial balance
(C) Affect the suspense account
(D) None of the above.

Answer & Explanation:

Correct Answer: Option (B)

Correct answer: (B) Not affect agreement of the trial balance.

Topics: Fundamentals of Accounting and Auditing

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