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11th | Rectification of Errors | Question No. 29 To 32 | Ts Grewal Solution 2022-2023

Question 29:


(i) What are the different causes that make a Trial Balance incorrect?
(ii) Pass the rectifying Journal entries:

(a) A credit sale of goods for ` 2,500 to Krishna has been wrongly passed through the Purchases Book.
(b)
` 5,000 paid for freight on machinery purchased was debited to the Freight Account as ` 500.
(c) The Returns Inward Book has been wrongly overcasted by
` 100.
(d) An amount of
` 500 due from Ramesh which had been written off as bad debt in previous year was recovered and had been posted to the Personal Account of Ramesh.
(e) A sum of
` 460 owed by Hari had not been included in the list of debtors.

Answer:


(i) The following are the causes that make a Trial Balance incorrect.

1) Incomplete posting of Journal Entry

2) Posting in the wrong side of Account.

3) Wrong totalling of Subsidiary Books

4) Wrong balance of Account

5) Omission of total of Subsidiary book into Account

6) Wrong totalling of the Trial Balance

(ii)

Journal

Date

Particulars

L.F.

Debit

Rs

Credit

Rs

(a)

Krishna

Dr.

 

5,000

 

 

To Sales A/c

 

 

2,500

 

To Purchases A/c

 

 

2,500

 

(Credit Sale of goods to Krishna was posted wrongly to Purchases Book, now rectified)

 

 

 

 

 

 

 

 

(b)

Machinery A/c

Dr.

 

5,000

 

 

To Freight

 

 

500

 

To Suspense A/c

 

 

4,500

 

(Freight Rs 5,000 paid on machinery was wrongly recorded in Freight Account as Rs 500)

 

 

 

 

 

 

 

 

(c)

Suspense A/c

Dr.

 

100

 

 

To Return Inwards A/c

 

 

100

 

(Return Inwards Book was overcast, now rectified)

 

 

 

 

 

 

 

 

(d)

Ramesh

Dr.

 

500

 

 

To Bad Debt Recovered A/c

 

 

500

 

(Received Rs 500 which previously written off as Bad debt wrongly credited to Ramesh Account, now rectified)

 

 

 

 

 

 

 

 

(v)

Sundry Debtors A/c

Dr.

 

460

 

 

To Hari

 

 

460

 

(Hari which was not in the List of Sundry Debtors, now recorded)

 

 

 

 

 

 

 

 

 

Question 30:


Rectify the following errors:
(i) Wages paid for the construction of office debited to the Wages Account,
` 5,000.
(ii) Machinery purchased for
` 35,000 was passed through the Purchases Book.
(iii) Old furniture sold for
` 1,000, passed through the Sales Book.
(iv)
` 2,000 paid to Mehta Bros. against acceptance were debited to Malhotra Bros. Account.
(v) Sales of
` 204 to Ram debited to his account as ` 402 and purchases of ` 1,012 from Shyam credited to his account as ` 1,210.

Answer:


Journal

Date

Particulars

L.F.

Debit

Rs

Credit

Rs

(i)

Building A/c

Dr.

 

5,000

 

 

To Wages A/c

 

 

5,000

 

(Wages paid for construction of office was debited wrongly to Wages Account, now rectified)

 

 

 

 

 

 

 

 

(ii)

Machinery A/c

Dr.

 

35,000

 

 

To Purchases A/c

 

 

35,000

 

(Purchase of Machinery was recorded wrongly in Invoice Book, now rectified)

 

 

 

 

 

 

 

 

(iii)

Sales A/c

Dr.

 

1,000

 

 

To Furniture A/c

 

 

1,000

 

(Sale of Old Furniture was passed wrongly to Sales Book, now rectified)

 

 

 

 

 

 

 

 

(iv)

Bills Payable A/c

Dr.

 

2,000

 

 

To Malhotra Bros.

 

 

2,000

 

(Amount paid against acceptance to Mehta Bros was wrongly debited to Malhotra Bros, now rectified)

 

 

 

 

 

 

 

 

(v)

Shyam

Dr.

 

198

 

 

To Ram

 

 

198

 

(Sales to Ram Rs 204 was debited to his account as Rs 402 and Purchase from Shyam Rs

 

 

 

 

1,012 was Credited to his account as Rs 1,210, now rectified)

 

 

 

 

Question 31:


Rectify the following errors:
(i) Sale of old furniture worth
` 3,000 treated as sales of goods.
(ii) Sales Book added
` 5,000 short.
(iii) Rent of proprietor’s residence,
` 6,500 debited to Rent Account.
(iv) Goods worth
` 11,970 returned by Manav posted to his debit as ` 11,790.

Answer:


Journal

Date

Particulars

L.F.

Debit

Rs

Credit

Rs

(i)

Sales A/c

Dr.

 

3,000

 

 

To Furniture A/c

 

 

3,000

 

(Sale of old Furniture was wrongly treated as Sales of Goods, now rectified)

 

 

 

 

 

 

 

 

(ii)

Suspense A/c

Dr.

 

5,000

 

 

To Sales A/c

 

 

5,000

 

(Sales Book was undercast, now rectified)

 

 

 

 

 

 

 

 

(iii)

Drawings A/c

Dr.

 

6,500

 

 

To Rent A/c

 

 

6,500

 

(Rent of proprietor’s residence was wrongly debited to Rent Account, now rectified)

 

 

 

 

 

 

 

 

(iv)

Suspense A/c

Dr.

 

23,760

 

 

To Manav

 

 

23,760

 

(Goods returned by Manav Rs 11,970 was wrongly posted to the debit of his account as Rs 11,790, now rectified)

 

 

 

 

 

 

 

 

 

Question 32:


There was a difference in the Trial Balance of M/s. Jain & Sons, prepared for the year ended 31st March, 2009. The accountant put the difference in Suspense Account.
The following errors were found:
(i) Purchases Return Book total
` 400 has not been posted to Ledger Account.
(ii)
` 5,100 spent on legal expense for the newly acquired Building was debited to the Building Account as ` 1,500.
(iii) A sale of
` 6,540 to Rajat has been credited to his account.
Rectify the errors and show the Suspense Account with Nil closing balance.

Answer:


Books of M/s Jain & Sons

Journal

Date

Particulars

L.F.

Debit

Rs

Credit

Rs

(i)

Suspense A/c

Dr.

 

400

 

 

To Purchases Return A/c

 

 

400

 

(Purchases Return Book total was not posted to Purchase Return Account, now rectified)

 

 

 

 

 

 

 

 

(ii)

Building A/c

Dr.

 

3,600

 

 

To Suspense A/c

 

 

3,600

 

(Legal expenses Rs 5,100 on acquiring a Building was recorded as Rs 1,500 in Building Account, now rectified)

 

 

 

 

 

 

 

 

(iii)

Rajat

Dr.

 

13,080

 

 

To Suspense A/c

 

 

13,080

 

(Sale of Rajat Rs 6,540 was posted wrongly to Credit of his account, now rectified)

 

 

 

 

 

 

 

 

 

Suspense Account

Dr.

Cr.

Date

Particulars

Rs

Date

Particulars

Rs

(i)

Purchases Return

400

(ii)

Building

3,600

 

Difference in the Trial Balance

16,280

(iii)

Rajat

13,080

 

 

16,680

 

 

16,680

 

 

 

 

 

 

 

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