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11th | Rectification of Errors | Question No. 33 To 36 | Ts Grewal Solution 2022-2023

Question 33:


Give the Journal entries to rectify the following errors:
(i) Purchases Book was overcast by
` 1,000.
(ii) Installation charges on new machinery purchased
` 500 were debited to Sundry Expenses Account as ` 50.
(iii) Radhey Shyam returned goods worth
` 500 which was entered in the Purchases Return Book.
(iv) Goods taken by the proprietor for
` 5,000 have not been entered in the books at all.

Answer:


Journal

Date

Particulars

L.F.

Debit

Rs

Credit

Rs

(i)

Suspense A/c

Dr.

 

1,000

 

 

To Purchases A/c

 

 

1,000

 

(Purchases Book was overcast, now rectified)

 

 

 

 

 

 

 

 

(ii)

Machinery A/c

Dr.

 

500

 

 

To Sundry Expense A/c

 

 

50

 

To Suspense A/c

 

 

450

 

(Installation charges of Machinery Rs 1,500 was wrongly debited as Rs 50 in Sundry Expenses Account, now rectified)

 

 

 

 

 

 

 

 

(iii)

Sales Return A/c

Dr.

 

500

 

 

Purchases Return A/c

Dr.

 

500

 

 

To Radhey Shyam

 

 

1,000

 

(Goods returned by Radhey Shyam was wrongly entered in Purchases Return Book, now rectified)

 

 

 

 

 

 

 

 

(iv)

Drawings A/c

Dr.

 

5,000

 

 

To Purchases A/c

 

 

5,000

 

(Goods taken by proprietor was not recorded, now rectified)

 

 

 

 

 

 

 

 

 

Question 34:


Rectify the following errors:
(i) The total of one page of Sales Book was carried forward as
` 371 instead of ` 317.
(ii)
` 540 received from Yatin was posted to the debit of his Account.
(iii) Purchases Returns Book was overcast by
` 300.
(iv) An item of
` 1,062 entered in Sales Return Book had been posted to the debit of customer who returned the goods.
(v)
` 1,500 paid for furniture purchased had been charged to ordinary Purchase Account.

Answer:


Journal

Date

Particulars

L.F.

Debit

Rs

Credit

Rs

(i)

Sales A/c

Dr.

 

54

 

 

To Suspense A/c

 

 

54

 

(One page of Sale Book Rs 317 was wrongly forwarded as Rs 371, now rectified)

 

 

 

 

 

 

 

 

(ii)

Suspense A/c

Dr.

 

1,080

 

 

To Yatin

 

 

1,080

 

(Received Rs 540 from Yatin posted wrongly to the debit side of his account, now rectified)

 

 

 

 

 

 

 

 

(iii)

Purchases Return A/c

Dr.

 

300

 

 

To Suspense A/c

 

 

300

 

(Purchases Return Book was overcast, by now rectified)

 

 

 

 

 

 

 

 

(iv)

Suspense A/c

Dr.

 

2,124

 

 

To Customer

 

 

2,124

 

(Goods return by Customer Rs 1,062 was posted wrongly to the debit of his account, now rectified)

 

 

 

 

 

 

 

 

(v)

Furniture A/c

Dr.

 

1,500

 

 

To Purchases A/c

 

 

1,500

 

(Amount paid for purchase of Furniture wrongly debited to Purchases Account, now rectified)

 

 

 

 

 

 

 

 

 

Question 35:


Rectify the following errors by passing Journal entries:
(i) A sum of
` 470 received from Ganga was posted to her debit as ` 740.
(ii) A debit balance of
` 550 in the personal account of Mr. John was undercast.
(iii) Bills Receivable from Brown for
` 3,000 posted to the credit of Bills Payable Account and credited to Brown’s Account.
(iv) Goods returned by Mridul
` 225 have been entered in the Returns Outward Book.

Answer:


Journal 

Date

Particulars

L.F.

Debit

 (Rs)

Credit

 (Rs)

(i)

Suspense A/c (740+ 470)

Dr.

 

1,210

 

 

 

To Ganga’s A/c

 

 

 

1,210

 

(Rs 470 received from Ganga was posted to her debit as Rs 740, now rectified)

 

 

 

 

 

 

 

 

 

 

(ii)

Mr. John’s A/c

Dr.

 

550

 

 

 

To Suspense A/c

 

 

 

550

 

(Debit balance of Mr. John’s personal account was undercasted by Rs 550, now rectified)

 

 

 

 

 

 

 

 

 

 

(iii)

Bills Receivable  A/c

Dr.

 

3,000

 

 

Bills Payable A/c

Dr.

 

3,000

 

 

 

To Suspense A/c

 

 

 

6,000

 

(Bills Receivable from Brown, posted to credit of bills payable and credited to Brown’s Account,  now rectified)

 

 

 

 

 

 

 

 

 

 

(iv)

Sales Return  A/c

Dr.

 

225

 

 

Purchases Return A/c

 

 

225

 

 

 

To Mridul’s A/c

 

 

 

450

 

(Goods returned by Mridul was entered in the Return Outward book, now rectified)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Question 36:


While trying to close his books for the year ended 31st March, 2014, Mahesh found that the Trial Balance did not agree. He traced the following errors:
(i) In the Sales Book for the month of January total of Page No. 2 was carried forward to Page No. 3 as
` 1,000 instead of ` 1,200 and total of Page No. 6 was carried forward to Page No. 7 as ` 5,600 instead of ` 5,000.
(ii) Goods returned to Ram
` 1,000 were recorded in the Sales Book.
(iii) Bills Receivable for
` 1,600 from Noor was dishonoured and posted to debit of Allowances Account.
Rectify the above errors.

Answer:


Journal 

Date

Particulars

L.F.

Debit

 (Rs)

Credit

 (Rs)

(i)

Sales A/c

Dr.

 

400

 

 

 

To Suspense A/c

 

 

 

400

 

(Sale book was undercasted by Rs 200 and overcastted by Rs 600, now rectified)

 

 

 

 

 

 

 

 

 

 

(ii)

Sales A/c

Dr.

 

1,000

 

 

 

 To Purchases Return A/c

 

 

 

1,000

 

(Goods Returned to Ram recorded in Sales Book, now rectified)

 

 

 

 

 

 

 

 

 

 

(iii)

Noor’s A/c

Dr.

 

1,600

 

 

 

To Allowances A/c

 

 

 

1,600

 

(Bills Receivable from Noor dishonoured and recorded to allowances account, now rectified)

 

 

 

 

 

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