11th | Rectification of Errors | Question No. 25 To 28 | Ts Grewal Solution 2022-2023

Journal

Date

Particulars

L.F.

Debit

Rs

Credit

Rs

(i)

Suspense A/c

Dr.

10,800

To Mr.A

10,800

(Received Rs 5,400 from Mr A was wrongly debited to his Account, now rectified)

(ii)

Suspense A/c

Dr.

800

To Sales Return A/c

800

(Sales Return Book was overcast, now rectified)

(iii)

Repair A/c

Dr.

2,740

To Motor Car A/c

1,740

To Suspense A/c

1,000

(Repairs of Motor Cars Rs 2,740 was wrongly debited to Motor Car Account as Rs 1,740, now rectified)

(iv)

Shyam

Dr.

3,000

To Return Inwards A/c

1,500

To Return Outwards A/c

1,500

(Return Outward to Shyam was wrongly recorded in the Return Inwards Book, now rectified)

Journal

Date

Particulars

L.F.

Debit

Amount

Rs

Credit

Amount

Rs

(i)

Discount Received A/c

Dr.

200

To Discount Allowed A/c

200

(On dishonour of Ranjan’s cheque, instead of crediting Discount Allowed Account, Discount Received Account was wrongly credited, now rectified)

(ii)

Machinery A/c

Dr.

2,000

To Wages A/c

2,000

(Wages paid for Installation of Machinery was debited wrongly to Wages Account, now rectified)

(iii)

Rakesh A/c

Dr.

5,000

To Bad Debt Recovered A/c

5,000

(Cash received from Rakesh was Credited wrongly to Rakesh’s Account was previously written

off as Bad Debt, now rectified)

(iv)

Since error is made at time of recording so correct entry would be

Repair A/c

Dr.

900

To Cash A/c

900

(Repair bill Rs 1,000 was recorded as Rs 100, now rectified)

Journal

Date

Particulars

L.F.

Debit

Rs

Credit

Rs

(i)

Suspense A/c

Dr.

1,000

To Sales A/c

1,000

(Sales Book was undercast, now rectified)

(ii)

Sales Return A/c

Dr.

1,500

To Green & Co

1,500

(Goods returned by Green & Co was not recorded, now recorded)

(iii)

Suspense A/c

Dr.

5,000

To Gupta & Co

5,000

(Goods purchased of Rs 2,500 from Gupta & Co was wrongly debited to his account, now rectified)

(iv)

Furniture A/c

Dr.

10,000

To Purchases A/c

10,000

(Purchase of goods Rs 10,000 was debited wrongly to Purchases Book, now rectified)

(v)

Suspense A/c

Dr.

2,500

To A

2,500

(Cash received from A was not posted to his account, now rectified)

Journal

Date

Particulars

L.F.

Debit

 (`)

Credit

 (`)

(i)

Purchases A/c

Dr.

150

Sales A/c

Dr.

150

To David

300

(Purchase of Goods from David was wrongly passed through Sales Book, now rectified)

(ii)

Peter

Dr.

240

To Sales A/c

120

To Purchases A/c

120

(Sale of goods to Peter was wrongly passed through Purchases Book, now rectified)

(iii)

Salaries A/c

Dr.

200

To Bimal

200

(Salary paid to Bimal was passed wrongly to his account, now rectified)

(iv)

Krishan
Kishan

Dr.
Dr.

4,230
4,320

To Sales A/c
To Purchases A/c

4,230
4,320

(Sales to Krishan recorded wrongly as purchases from Kishan with a wrong amount, now rectified)

(v)

Ramesh

Dr.

840

To Suspense A/c

840

(Amount twice Credit to Ramesh’s Account, now rectified)