Question
13:
Which of the following errors will affect the Trial
Balance?
(i) The total of the Sales Book has not been
posted to the Sales Account.
(ii) ` 1,000 paid as installation charges of a new machine has been
debited to Repairs Account.
(iii) Goods costing ` 4,000 taken by the proprietor for personal use have been debited to
Debtors’ Account.
(iv) ` 1,000 paid for repairs to building have been debited to Building
Account.
Answer:
'Total
of Sales book has not been posted to Sales Account' will affect the Trial
Balance because due to this Sales Account undercasts,
which results in undercasting of credit side of Trial
Balance.
Hence, the correct answer is option (i).
Question
14:
Rectify the following errors assuming that there is no
Suspense Account:
(i) The Returns Inward Book has been overcasted by ` 200.
(ii) Purchases Book carried forward ` 75 less.
(iii) Sales Book carried forward ` 41 less on Page
10 and ` 43 more on Page 12.
(iv) Goods sold to Gautam
were posted as ` 215 instead of ` 251.
Answer:
(i)
|
Return Inwards Book |
||||||||
|
Dr. |
|
Cr. |
||||||
|
Date |
Particulars |
L.F. |
(`) |
Date |
Particulars |
L.F. |
(`) |
|
|
|
|
|
|
|
Over Casting of Return Inwards Book |
|
200 |
|
|
|
|
|
|
|
|
|
|
|
(ii)
|
Purchases Account |
||||||||
|
Dr.. |
|
Cr. |
||||||
|
Date |
Particulars |
L.F. |
(`) |
Date |
Particulars |
L.F. |
(`) |
|
|
|
Carry forwarding of Purchases Book Less |
|
75 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(iii)
|
Sales Account |
||||||||
|
Dr. |
|
Cr. |
||||||
|
Date |
Particulars |
L.F. |
(`) |
Date |
Particulars |
L.F. |
(`) |
|
|
|
Net Carry forwarding of Sales Book excess |
|
2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(iv)
|
Sales Account |
||||||||
|
Dr. |
|
Cr. |
||||||
|
Date |
Particulars |
L.F. |
(`) |
Date |
Particulars |
L.F. |
(`) |
|
|
|
|
|
|
|
Difference in the amount posted |
|
36 |
|
|
|
|
|
|
|
|
|
|
|
|
Gautam Account |
||||||||
|
Dr. |
|
Cr. |
||||||
|
Date |
Particulars |
L.F. |
(`) |
Date |
Particulars |
L.F. |
(`) |
|
|
|
Difference in the amount posted |
|
36 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Question
15:
Following errors are discovered in the books of Sh. Ram
Lal. Make the necessary entries to rectify them:
(i) Purchases Journal was undercasted
by ` 2,150.
(ii) ` 500 received from K. Krishna was debited to his account.
(iii) An amount of ` 3,000 withdrawn by the proprietor of the firm for his personal use
was posted to the Travelling Expenses Account.
(iv) An amount of ` 175
for a credit sale to R. Gopalan correctly
entered in the Sales Book, has been debited to his account as ` 157.
Answer:
|
Journal |
|||||
|
Date |
Particulars |
L.F. |
Debit Rs |
Credit Rs |
|
|
|
Purchases A/c |
Dr. |
|
2,150 |
|
|
|
To Suspense A/c |
|
|
2,150 |
|
|
|
(Purchases Book was under cast now rectified) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Suspense A/c |
Dr. |
|
1,000 |
|
|
|
To K. Krishna |
|
|
1,000 |
|
|
|
(Received from K. Krishna was wrongly debited, now rectified ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Drawings A/c |
Dr. |
|
3,000 |
|
|
|
To Travelling Expense A/c |
|
|
3,000 |
|
|
|
(Amount withdrawn by proprietor for personal use wrongly posted to |
|
|
|
|
|
|
Travelling Expenses Account, now rectified) |
|
|
|
|
|
|
|
|
|
|
|
|
|
R.Gopalan |
Dr. |
|
18 |
|
|
|
To Suspense A/c |
|
|
18 |
|
|
|
(R. Gopalan’s Account was debited by Rs 157 instead of Rs 175, now rectified |
|
|
|
|
|
|
|
|
|
|
|
Question
16:
Pass Journal entries to rectify the following errors which were located after preparing the Trial Balance:
(i) The Sales Book was overcast by ` 500.
(ii) Credit purchases from Aradhya ` 6,000 were posted to the debit of her account of ` 9,000.
(iii) Goods returned from Ayan ` 8,000 were recorded in Purchases Return Book.
(iv) Wages paid ` 3,980 were recorded in the Cash Book as ` 3,890. (Delhi)
Answer:
|
Journal |
|||||
|
Date |
Particulars |
|
L.F. |
Debit (`) |
Credit (`) |
|
(i) |
Sales A/c |
Dr. |
|
500 |
|
|
|
To Suspense A/c |
|
|
|
500 |
|
|
(Being The Sales Book was overcasted) |
|
|
|
|
|
(ii) |
Suspense A/c |
Dr. |
|
15,000 |
|
|
|
To Aradhya |
|
|
|
15,000 |
|
|
(Being Credit purchases from Aradhya ` 6,000 were posted to the debit of her account of ` 9,000, Now rectified) |
|
|
|
|
|
(iii) |
Sales return A/c |
Dr. |
|
8,000 |
|
|
|
Purchases return A/c |
Dr. |
|
8,000 |
|
|
|
To Anay |
|
|
|
16,000 |
|
|
(Being Goods returned from Ayan were recorded in Purchases Return Book, Now rectified) |
|
|
|
|
|
(iv) |
Suspense A/c |
Dr. |
|
90 |
|
|
|
To Cash A/c |
|
|
|
90 |
|
|
(Being Wages paid ` 3,980 were recorded in the Cash Book as ` 3,890, Now rectified) |
|
|
|
|
Click below for more Questions
Ts Grewal Solution 2022-2023
Class 11th
Click on below links for
11th TS Grewal’s Accountancy Solutions