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11th | Rectification of Errors | Question No. 17 To 20 | Ts Grewal Solution 2022-2023

Question 17:


Pass the Journal entries rectifying the following errors:
(i) Purchases of
` 10,000 was omitted to be recorded.
(ii) Purchases of office furniture of
` 10,000 was recorded in Purchases Book.
(iii) Office Rent of
` 15,000 was debited to the Personal Account of the landlord.
(iv) Old machine sold for
` 5,000 was credited to Sales Account.
(v) Bill for
` 800 received from Mukesh for repair of machinery was entered in the Purchases Book as ` 700.

Answer:


Journal 

Date

Particulars

L.F.

Debit

 (`)

Credit

 (`)

(i)

Purchases A/c

Dr.

 

10,000

 

 

 

To Suspense A/c

 

 

 

10,000

 

(Purchase of goods worth ` 10,000 were omitted to be recorded, now rectified)

 

 

 

 

 

 

 

 

 

 

(ii)

Furniture A/c

Dr.

 

10,000

 

 

 

To Purchases A/c

 

 

 

10,000

 

(Purchase of office furniture was recorded in purchase book, now rectified)

 

 

 

 

 

 

 

 

 

 

(iii)

Rent A/c

Dr.

 

15,000

 

 

 

To Landlord’s A/c

 

 

 

15,000

 

(Office rent of ` 15,000 was debited to Landlord’s personal account, now rectified)

 

 

 

 

 

 

 

 

 

 

(iv)

Sales  A/c

Dr.

 

5,000

 

 

 

To Machinery A/c

 

 

 

5,000

 

(Sale of machinery costing ` 5,000 was credited to Sales A/c, now rectified)

 

 

 

 

 

 

 

 

 

 

(v)

Repairs to Machinery A/c

Dr.

 

800

 

 

        To Purchases A/c

 

 

 

800

 

(Repairs to machinery costing  `700 wrongly entered in purchase book, now rectified)

 

 

 

Question 18:


Rectify the following errors:
(i) Total of one page of the Sales Book was carried forward to the next page as
` 2,785 instead of ` 2,587.
(ii) A cheque of
` 400 received from Mohan was dishonoured and had been posted to the debit side of the ‘Allowance Account’.
(iii) Return of goods worth
` 5,000 by a customer was entered in the Purchases Return Book.
(iv) Sum of
` 200 owed by ‘X’ has been included in the list of Sundry Creditors.
(v) Sale of old furniture worth
` 430 was credited to the Sales Account as ` 340.

Answer:


Journal

Date

Particular

L.F.

Debit

`

Credit

`

(i)

Sales A/c

Dr.

 

198

 

 

To Suspense A/c

 

 

198

 

(Carry forwarding ` 2,785 instead of ` 2,587, now rectified)

 

 

 

 

 

 

 

 

(ii)

Mohan

Dr.

 

400

 

 

To Allowance A/c

 

 

400

 

(A Cheque received from Mohan was dishonoured but debited wrongly to Allowance’s Account, now rectified)

 

 

 

 

 

 

 

 

(iii)

Sale Return A/c

Dr.

 

5,000

 

 

Purchases Return A/c

Dr.

 

5,000

 

 

To Customer / Debtor

 

 

10,000

 

(Goods return by a customer was recorded wrongly to Purchase Return Book, now rectified)

 

 

 

 

 

 

 

 

(iv)

Sundry Creditors

Dr.

 

200

 

 

Sundry Debtors

Dr.

 

200

 

 

To X

 

 

400

 

(Amount owed by X was included in Sundry Creditors, now rectified)

 

 

 

 

 

 

 

 

(v)

Sales A/c

Dr.

 

340

 

 

Suspense A/c

Dr.

 

90

 

 

To Furniture A/c

 

 

430

 

(Sale of Old furniture ` 430 was wrongly debited to Sales Account for ` 340, now rectified)

 

 

 

 

 

 

 

 

Question 19:


Rectify the following errors:
(i) Purchases Book is overcast by
` 500.
(ii) Salary paid to an employee, Mr. Ajay, is debited to his Personal account
` 3,000.
(iii) Goods sold to Shashi on credit
` 300 have been wrongly passed through the Purchases Book.
(iv) Total of Returns Inward Book has been added
` 9 short.
(v) Purchase of chair from Happy Traders for
` 35 has been entered in the Purchases Book as ` 53.

Answer:


Journal

Date

Particular

L.F.

Debit

`

Credit

`

(i)

Suspense A/c

Dr.

 

500

 

 

To Purchases A/c

 

 

500

 

(Purchase Book was over cast now rectified)

 

 

 

 

 

 

 

 

(ii)

Salaries A/c

Dr.

 

3,000

 

 

To Mr. Ajay

 

 

3,000

 

(Salary paid to Mr. Ajay was debited wrongly to Mr. Ajay’s Account)

 

 

 

 

 

 

 

 

(iii)

Shashi

Dr.

 

600

 

 

To Sales A/c

 

 

300

 

To Purchases A/c

 

 

300

 

( Goods sold to Shashi was wrongly passed through Purchases Book, now rectified)

 

 

 

 

 

 

 

 

(iv)

Return Inwards A/c

Dr.

 

9

 

 

To Suspense A/c

 

 

9

 

(Return Inwards Book was added short by ` 9, now rectified)

 

 

 

 

 

 

 

 

(v)

Furniture A/c

Dr.

 

35

 

 

Happy Traders A/c

Dr.

 

18

 

 

To Purchases A/c

 

 

53

 

(Purchase of Chair ` 35 was recorded in the Purchases Book As ` 53, now rectified)

 

 

 

 

 

 

 

 

Question 20:


Rectify the following errors by passing Journal entries:

(i) Old furniture sold for ` 500 has been credited to Sales Account.

(ii) Machinery purchased on credit from Raman for ` 2,000 recorded through Purchases Book as 16,000.

(iii) Cash received from Rajat ` 5,000 was posted to the debit of Bhagat as ` 6,000.

(iv) Depreciation provided on machinery ` 3,000 was posted to Machinery Account as ` 300.

(MSE Chandigarh)

Answer:


Journal

Date

Particular

L.F.

Debit

`

Credit

`

(i)

Sales A/c

Dr.

 

 

 

 

To Furniture A/c

 

500

 

 

(Being Old furniture sold for ` 500 has been credited to Sales Account, Now rectified)

 

 

500

(ii)

Machinery A/c

Dr.

 

2,000

 

 

Raman’s A/c

Dr.

 

14,000

 

 

To Purchases A/c

 

 

16,000

 

(Being Machinery purchased on credit from Raman for ` 2,000 recorded through Purchases Book as 16,000, Now rectified)

 

 

 

(iii)

Suspense A/c

Dr.

 

11,000

 

 

To Rajat’s A/c

 

 

5,000

 

To Bhagat A/c

 

 

6,000

 

(Being Cash received from Rajat ` 5,000 was posted to the debit of Bhagat as ` 6,000, Now rectified)

 

 

 

(iv)

Suspense A/c

Dr.

 

2,700

 

 

To Machinery A/c

 

 

2,700

(Being depreciation provided less, Now rectified)

 

 

 

 

 

 

 

 

 

 

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