Question
21:
Give the rectifying entries of the following:
(i) Sales of `
20,000 to Manoj were recorded as ` 2,000 in the Sales Book.
(ii) An amount of ` 25,000 spent for the extension of machinery has been debited to the
Wages Account.
(iii) Discount received from Ram & Co. ` 350,
has not been entered in the discount column of the Cash Book.
(iv) Goods of ` 3,000
sold to Mahesh were recorded in the Purchases Book.
Answer:
|
Journal |
|||||
|
Date |
Particulars |
L.F. |
Debit Rs |
Credit Rs |
|
|
(i) |
Monoj |
Dr. |
|
18,000 |
|
|
|
To Sales A/c |
|
|
18,000 |
|
|
|
(Sales Rs 20,000 was recorded wrongly as Rs 2,000, now rectified) |
|
|
|
|
|
|
|
|
|
|
|
|
(ii) |
Machinery A/c |
Dr. |
|
25,000 |
|
|
|
To Wages A/c |
|
|
25,000 |
|
|
|
(Amount spent on Installation of machinery was debited wrongly to Wages Account, now rectified) |
|
|
|
|
|
|
|
|
|
|
|
|
(iii) |
Ram & Co. A/c |
Dr. |
|
4,750 |
|
|
|
To Discount Received A/c |
|
|
4,750 |
|
|
|
(Discount received from Ram & Co. not been entered in Cash Book, now rectified) |
|
|
|
|
|
|
|
|
|
|
|
|
(iv) |
Mahesh |
Dr. |
|
6,000 |
|
|
|
To Sales A/c |
|
|
3,000 |
|
|
|
To Purchases A/c |
|
|
3,000 |
|
|
|
(Goods sold to Mahesh was recorded wrongly in Purchases Book now rectified) |
|
|
|
|
|
|
|
|
|
|
|
Question
22:
Mukesh
found that the Trial Balance did not agree. He found the following errors:
(i) In the Sales Book for the month of January, total
of Page No. 3 was carried forward to Page No. 4 as ` 1,000
instead of ` 1,200 and total of Page No. 7 was carried forward to Page No. 8 as ` 5,600 instead of ` 5,000.
(ii) Goods returned to Anshuka ` 10,000 were recorded in the Sales Book.
(iii) Bill Receivable for ` 800 from Riya was dishonoured and posted
to the debit of Allowances Account.
Answer:
|
Journal Entries |
|||||
|
Date |
Particulars |
L.F. |
Debit (Rs) |
Credit (Rs) |
|
|
|
|
|
|
|
|
|
(i) |
Suspense A/c |
Dr. |
|
200 |
|
|
|
To Sales A/c |
|
|
|
200 |
|
|
(Sales book balance wrongly carried forward by less amount, now
rectified) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Sales A/c |
Dr. |
|
600 |
|
|
|
To Suspense A/c |
|
|
|
600 |
|
|
(Sales book balance wrongly carried forward by more amount, now rectified) |
|
|
|
|
|
|
|
|
|
|
|
|
(ii) |
Sales A/c |
Dr. |
|
10,000 |
|
|
|
To Purchase Returns A/c |
|
|
|
10,000 |
|
|
(Goods returned wrongly recorded in sales book, now rectified) |
|
|
|
|
|
|
|
|
|
|
|
|
(iii) |
Riya A/c |
Dr. |
|
800 |
|
|
|
To Allowances A/c |
|
|
|
800 |
|
|
(Bill dishonoured wrongly posted to the
debit of Allowances A/c, now rectified) |
|
|
|
|
|
|
|
|
|
|
|
Question
23:
Pass the rectifying entries for the following
(i) Sales of goods ` 6,000
to Madan were recorded as ` 600 in the Sales Book.
(ii) Credit purchase of goods from Mohan amounting to ` 2,000
has been wrongly passed through the Sales Book.
(iii) Return of goods worth ` 500 by a customer was entered in ‘Purchases Return Book’.
(iv) Cheque of ` 400 received from Ranjan was dishonoured and debited to the Discount Account.
(v) Bill for ` 820 received from Ramesh for repair of machinery was entered in the
Purchases Book as ` 720.
Answer:
|
Journal |
|||||
|
Date |
Particulars |
L.F. |
Debit Rs |
Credit Rs |
|
|
(i) |
Madan |
Dr. |
|
5,400 |
|
|
|
To Sales A/c |
|
|
5,400 |
|
|
|
(Sale of Goods to Madan Rs 6,000 was wrongly recorded as Rs 600) |
|
|
|
|
|
|
|
|
|
|
|
|
(ii) |
Sales A/c |
Dr. |
|
2,000 |
|
|
|
Purchases A/c |
Dr. |
|
2,000 |
|
|
|
To Mohan |
|
|
4,000 |
|
|
|
(Purchases of goods from Mohan was wrongly recorded in the Sales Book, now rectified) |
|
|
|
|
|
|
|
|
|
|
|
|
(iii) |
Sales Return A/c |
Dr. |
|
500 |
|
|
|
Purchases Return A/c |
Dr. |
|
500 |
|
|
|
To Customer A/c |
|
|
1,000 |
|
|
|
(Sales Return was entered wrongly in Purchases Return Book, now rectified) |
|
|
|
|
|
|
|
|
|
|
|
|
(iv) |
Rajan |
Dr. |
|
400 |
|
|
|
To Discount A/c |
|
|
400 |
|
|
|
(Discount Account was debited wrongly on dishonour of Rajan’s Cheque, now rectified) |
|
|
|
|
|
|
|
|
|
|
|
|
(v) |
Repair A/c |
Dr. |
|
820 |
|
|
|
To Purchases A/c |
|
|
720 |
|
|
|
To Ramesh A/c |
|
|
100 |
|
|
|
(Repair of Machinery Rs 820 was recorded wrongly to Purchases Book now rectified) |
|
|
|
|
|
|
|
|
|
|
|
Question
24:
Give rectifying Journal entries for the following errors:
(i) Sales of goods to Madan ` 6,000
were entered in the Sales Book as ` 600.
(ii) Credit purchase of ` 1,500 from Ajay has been wrongly passed through the Sales Book.
(iii) Repairs to building ` 300 were debited to Building Account.
(iv) ` 2,050 paid to Rohit is posted to the
debit of Mohit’s Account as `
5,020.
(v) Purchases Return Book is overcasted by ` 400.
Answer:
|
Journal |
|||||
|
Date |
Particular |
L.F. |
Debit Rs |
Credit Rs |
|
|
(i) |
Madan |
Dr. |
|
5,400 |
|
|
|
To Sales A/c |
|
|
5,400 |
|
|
|
(Sale of Goods Rs 6,000 to Madan was wrongly recorded as Rs 600) |
|
|
|
|
|
|
|
|
|
|
|
|
(ii) |
Purchases A/c |
Dr. |
|
1,500 |
|
|
|
Sales A/c |
Dr. |
|
1,500 |
|
|
|
To Ajay |
|
|
3,000 |
|
|
|
(Purchase of Goods from Ajay was wrongly passed through Sales Book) |
|
|
|
|
|
|
|
|
|
|
|
|
(iii) |
Repair A/c |
Dr. |
|
300 |
|
|
|
To Building A/c |
|
|
300 |
|
|
|
(Repair of Building Rs 300 was wrongly debited to Building Account,now rectified) |
|
|
|
|
|
|
|
|
|
|
|
|
(iv) |
Rohit |
Dr. |
|
2,050 |
|
|
|
Suspense A/c |
Dr. |
|
2,970 |
|
|
|
To Mohit |
|
|
5,020 |
|
|
|
(Payment to Rohit Rs 2,050 was wrongly debited Mohit’s Account as Rs 5,020, now rectified) |
|
|
|
|
|
|
|
|
|
|
|
|
(v) |
Purchases Return A/c |
Dr. |
|
400 |
|
|
|
To Suspense A/c |
|
|
400 |
|
|
|
(Purchase Return Book was overcast 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