11th | Rectification of Errors | Question No. 5 To 8 | Ts Grewal Solution 2022-2023

Journal

Date

Particulars

L.F.

Debit
Amount
(`)

Credit
Amount
(`)

i)

Kishan’s A/c

Dr.

7,500

  To Krishan’s A/c

7,500

(Being correcting credit sales to Kishan wrongly posted to Krishan’s Account)

ii)

Meena’s A/c

Dr.

7,000

  To Sales A/c

7,000

(Being correcting cash sales to Meenu wrongly posted to credit of Meena’s A/c)

iii)

Drawings A/c

Dr.

1,500

  To Purchases A/c

1,500

(Being correcting amount withdrawn for personal use debited to Purchases A/c)

iv)

Furniture A/c

Dr.

5,400

  To Mohan’s A/c

5,400

(Being correcting credit sale of furniture to Mohan posted at a wrong amount)

v)

Sales A/c

Dr.

3,000

  To Furniture A/c

3,000

(Being correcting credit sale of furniture posted to the credit of sales account)

vi)

Farid’s A/c

Dr.

1,280

  To Sales Return A/c

1,280

(Being correcting cheque dishonoured wrongly debited to Sales Return A/c)

Journal

Date

Particulars

L.F.

Debit

Rs

Credit

Rs

(i)

Vinod

Dr.

9

To Suspense A/c

9

(Rs 9 was posted less in Vinod’s Account, now rectified)

(ii)

Vinod

Dr.

9

To Suspense A/c

9

(Vinod’s Account was wrongly debited with Rs 9 less, now rectified)

(iii)

Vinod

Dr.

277

To Suspense A/c

277

(Sales to Vinod of Rs 143 was wrongly credited as Rs 134, now rectified)

Journal

Date

Particulars

L.F.

Debit
(`)

Credit
(`)

i)

Building A/c

Dr.

15,000

  To Salaries A/c

15,000

(Being correcting wages paid for construction of building debited to Salaries A/c)

ii)

Building A/c

Dr.

20,000

  To Purchases A/c

20,000

(Being correcting purchases of material on construction debited to Purchases A/c)

iii)

Building A/c

Dr.

50,000

  To Building Repairs A/c

50,000

(Being correcting amount spent on extension of building wrongly debited to Building Repairs A/c)

iv)

Building A/c

Dr.

25,000

  To Building Repairs A/c

25,000

(Being correcting amount spent on whitewash of new building debited to Building Repairs A/c)

v)

Machinery A/c

Dr.

1,000

  To Cartage A/c

1,000

(Being correcting installation charges on machinery wrongly debited to Cartage A/c)

vi)

Machinery A/c

Dr.

10,000

  To General Expenses A/c

10,000

(Being correcting repair charges to a newly paid second hand machinery wrongly debited to General Expenses A/c)

vii)

Repairs A/c

Dr.

5,000

  To Machinery A/c

5,000

(Being correcting repairs on existing machinery wrongly debited to Machinery A/c)

viii)

Printer A/c

Dr.

10,000

  To Office Expenses A/c

10,000

(Being correcting amount paid for Printer wrongly debited to Office Expenses A/c)

Journal

Date

Particulars

L.F.

Debit

(`)

Credit
(`)

i)

Sales Return A/c

Dr.

1,500

  To Mohan’s A/c

1,500

(Being recording goods returned by Mohan not recorded earlier)

ii)

Advertisement A/c

Dr.

5,000

  To Purchases A/c

5,000

(Being recording goods distributed as free sample not recorded earlier)

iii)

Depreciation A/c

Dr.

10,000

  To Machinery A/c

10,000

(Being recording depreciation charged on machinery not recorded earlier)

iv)

Charity A/c

Dr.

780

  To Purchases A/c

780

(Being recording goods given away as charity not recorded earlier)