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11th | Rectification of Errors | Question No. 1 To 4 | Ts Grewal Solution 2022-2023

Question 1:


How will be the following errors rectified?
(i) Purchases Book is overcasted by
` 20,000.
(ii) Purchases Return Book is overcasted by
` 5,000.
(iii) Purchases Return Book’s balance is carried forward in excess by
` 500.
(iv) Purchases Book’s balance is carried forward in excess by
` 1,000.

Answer:


Journal 

Date

Particulars

L.F.

Debit

 (Rs)

Credit

 (Rs)

(i)

Suspense A/c

Dr.

 

20,000

 

 

 

To Purchases A/c

 

 

 

20,000

 

(Purchase book was overcastted, now rectified)

 

 

 

 

 

 

 

 

 

 

(ii)

Purchases Return A/c

Dr.

 

5,000

 

 

 

To Suspense A/c

 

 

 

5,000

 

(Purchase return book was overcastted by Rs 1,000, now rectified)

 

 

 

 

 

 

 

 

 

 

(iii)

Purchases Return A/c

Dr.

 

500

 

 

 

To Suspense A/c

 

 

 

500

 

(Purchase return book’s balance was carried forward in excess of Rs 100, now rectified)

 

 

 

 

 

 

 

 

 

 

(iv)

Suspense A/c

Dr.

 

1,000

 

 

   

To Purchases A/c

 

 

 

1,000

 

(Purchase book’s balance was  carried forward in excess of Rs 1,000, now rectified)

 

 

 

 

 

 

 

 

 

Question 2:


How will be the following errors rectified?
(i) Sales Book is short casted by
` 10,000.
(ii) Sales Return Book is short casted by
` 1,000.
(iii) Balance of Sales Book is carried forward short by
` 1,000.
(iv) Balance of Sales Return Book is carried forward short by
` 100.

Answer:


Journal 

Date

Particulars

L.F.

Debit

 (Rs)

Credit

 (Rs)

(i)

Suspense A/c

Dr.

 

10,000

 

 

 

To Sales A/c

 

 

 

10,000

 

(Sales book was undercasted, now rectified)

 

 

 

 

 

 

 

 

 

 

(ii)

Sales Return A/c

Dr.

 

1,000

 

 

 

  To Suspense A/c

 

 

 

1,000

 

(Sales return book was undercasted, now rectified)

 

 

 

 

 

 

 

 

 

 

(iii)

Suspense A/c

Dr.

 

1,000

 

 

 

To Sales A/c

 

 

 

1,000

 

(Sales book’ balance carried forward was short, now rectified)

 

 

 

 

 

 

 

 

 

 

(iv)

Sales Return A/c

Dr.

 

100

 

 

 

To Suspense A/c

 

 

 

100

 

(Sales return book’ balance carried forward was short, now rectified)

 

 

 

 

 

 

 

 

 

Question 3:


How will you rectify the following errors?
(i) Sales Book is overcasted by
` 8,000.
(ii) Sales Return Book is short casted by
` 500.
(iii) Balance of Sales Book is carried forward in excess by
` 1,000.
(iv) Balance of Sales Return Book is carried forward in excess by
` 100.

Answer:


Journal 

Date

Particulars

L.F.

Debit

 (Rs)

Credit

 (Rs)

(i)

Sales A/c

Dr.

 

8,000

 

 

 

To Suspense A/c

 

 

 

8,000

 

(Sales book was overcasted by Rs 5,000, now rectified)

 

 

 

 

 

 

 

 

 

 

(ii)

Sales Return A/c

Dr.

 

500

 

 

 

To Suspense A/c

 

 

 

500

 

(Sales book was undercasted by Rs 500, now rectified)

 

 

 

 

 

 

 

 

 

 

(iii)

Sales A/c

Dr.

 

1,000

 

 

 

To Suspense A/c

 

 

 

1,000

 

(Sales book’s balance was  carried forward in excess by Rs 1,000, now rectified)

 

 

 

 

 

 

 

 

 

 

(iv)

Suspense A/c

Dr.

 

100

 

 

 

To Sales Return A/c

 

 

 

100

 

(Sales return book’s balance was  carried forward in excess by Rs 100, now rectified)

 

 

 

 

 

 

 

 

 

 

Question 4:


Pass the necessary Journal entries to rectify the following errors:
(i) Credit sale of
` 570 to Mohan was recorded as ` 750.
(ii) Credit sale of
` 850 to Sohan was recorded as sale to Mohan.
(iii) Credit sale of
` 850 to Meenu was recorded as sale to Meena as ` 580.
(iv) Credit sale of
` 850 to Ram was recorded in the Purchases Book.
(v) Credit sale of old machinery to Sohan for
` 1,700 was entered in the Sales Book as ` 7,100.
(vi) Bill Receivable for
` 5,000 accepted by Mahinder recorded as acceptance given to Mahinder for ` 6,000.

Answer:


Journal

Date

Particulars

 

L.F.

Debit
(
`)

Credit
(
`)

i)

Sales A/c

Dr.

 

180

 

 

  To Mohan’s A/c

 

 

 

180

 

(Being correcting goods sold on credit to Mohan recorded at wrong amount)

 

 

 

 

 

 

 

 

 

 

ii)

Sohan’s A/c

Dr.

 

850

 

 

  To Mohan’s A/c

 

 

 

850

 

(Being correcting credit sale to Sohan recorded as sale to Mohan)

 

 

 

 

 

 

 

 

 

 

iii)

Meenu’s A/c

Dr.

 

850

 

 

  To Sales A/c

 

 

 

270

 

  To Meena’s A/c

 

 

 

580

 

(Being correcting  credit sale to Meenu recorded to Meena at wrong amount)

 

 

 

 

 

 

 

 

 

 

iv)

Ram’s A/c

Dr.

 

1,700

 

 

  To Sales A/c

 

 

 

850

 

  To Purchases A/c

 

 

 

850

 

(Being correcting  credit sales to Ram wrongly recorded in the purchases book)

 

 

 

 

 

 

 

 

 

 

v)

Sales A/c

Dr.

 

7,100

 

 

  To Machinery A/c

 

 

 

1,700

 

  To Soahn’s A/c

 

 

 

5,400

 

(Being correcting credit sale of machinery to Sohan wrongly recorded in sales book)

 

 

 

 

 

 

 

 

 

 

vi)

Bills Payable A/c

Dr.

 

6,000

 

 

Bills Receivable A/c

Dr.

 

5,000

 

 

  To Mahinder’s A/c

 

 

 

11,000

 

(Being bills receivable wrongly recorded as bills payable now rectified)

 

 

 

 

 

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