Question
17:
Pass the Journal entries rectifying the following errors:
(i) Purchases of `
10,000 was omitted to be recorded.
(ii) Purchases of office furniture of ` 10,000 was recorded in
Purchases Book.
(iii) Office Rent of ` 15,000 was debited to the Personal Account of the landlord.
(iv) Old machine sold for ` 5,000
was credited to Sales Account.
(v) Bill for ` 800 received from Mukesh for repair of
machinery was entered in the Purchases Book as ` 700.
Answer:
|
Journal |
||||||
|
Date |
Particulars |
L.F. |
Debit (`) |
Credit (`) |
||
|
(i) |
Purchases A/c |
Dr. |
|
10,000 |
|
|
|
|
|
To Suspense A/c |
|
|
|
10,000 |
|
|
(Purchase of
goods worth ` 10,000 were omitted to be recorded, now rectified) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(ii) |
Furniture A/c |
Dr. |
|
10,000 |
|
|
|
|
|
To Purchases A/c |
|
|
|
10,000 |
|
|
(Purchase of
office furniture was recorded in purchase book, now rectified) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(iii) |
Rent A/c |
Dr. |
|
15,000 |
|
|
|
|
|
To Landlord’s
A/c |
|
|
|
15,000 |
|
|
(Office rent of ` 15,000 was debited to Landlord’s personal account, now rectified) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(iv) |
Sales A/c |
Dr. |
|
5,000 |
|
|
|
|
|
To Machinery A/c |
|
|
|
5,000 |
|
|
(Sale of
machinery costing ` 5,000 was credited to Sales A/c, now rectified) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(v) |
Repairs
to Machinery A/c |
Dr. |
|
800 |
|
|
|
|
To Purchases A/c |
|
|
|
800 |
|
|
|
(Repairs to
machinery costing `700 wrongly entered in purchase book, now rectified) |
|
|
|
||
Question
18:
Rectify the following errors:
(i) Total of one page of the Sales Book was carried
forward to the next page as ` 2,785 instead of ` 2,587.
(ii) A cheque of ` 400
received from Mohan was dishonoured and had been
posted to the debit side of the ‘Allowance Account’.
(iii) Return of goods worth ` 5,000 by a customer was entered in the Purchases Return Book.
(iv) Sum of ` 200 owed by ‘X’
has been included in the list of Sundry Creditors.
(v) Sale of old furniture worth ` 430 was credited to the
Sales Account as ` 340.
Answer:
|
Journal |
|||||
|
Date |
Particular |
L.F. |
Debit ` |
Credit ` |
|
|
(i) |
Sales A/c |
Dr. |
|
198 |
|
|
|
To Suspense A/c |
|
|
198 |
|
|
|
(Carry forwarding ` 2,785 instead of ` 2,587, now rectified) |
|
|
|
|
|
|
|
|
|
|
|
|
(ii) |
Mohan |
Dr. |
|
400 |
|
|
|
To Allowance A/c |
|
|
400 |
|
|
|
(A Cheque received from Mohan was dishonoured but debited wrongly to Allowance’s Account, now rectified) |
|
|
|
|
|
|
|
|
|
|
|
|
(iii) |
Sale Return A/c |
Dr. |
|
5,000 |
|
|
|
Purchases Return A/c |
Dr. |
|
5,000 |
|
|
|
To Customer / Debtor |
|
|
10,000 |
|
|
|
(Goods return by a customer was recorded wrongly to Purchase Return Book, now rectified) |
|
|
|
|
|
|
|
|
|
|
|
|
(iv) |
Sundry Creditors |
Dr. |
|
200 |
|
|
|
Sundry Debtors |
Dr. |
|
200 |
|
|
|
To X |
|
|
400 |
|
|
|
(Amount owed by X was included in Sundry Creditors, now rectified) |
|
|
|
|
|
|
|
|
|
|
|
|
(v) |
Sales A/c |
Dr. |
|
340 |
|
|
|
Suspense A/c |
Dr. |
|
90 |
|
|
|
To Furniture A/c |
|
|
430 |
|
|
|
(Sale of Old furniture ` 430 was wrongly debited to Sales Account for ` 340, now rectified) |
|
|
|
|
|
|
|
|
|
|
|
Question 19:
Rectify the following errors:
(i) Purchases Book is overcast by ` 500.
(ii) Salary paid to an employee, Mr. Ajay, is debited to his Personal account ` 3,000.
(iii) Goods sold to Shashi on credit ` 300 have been wrongly
passed through the Purchases Book.
(iv) Total of Returns Inward Book has been added ` 9 short.
(v) Purchase of chair from Happy Traders for ` 35
has been entered in the Purchases Book as ` 53.
Answer:
|
Journal |
|||||
|
Date |
Particular |
L.F. |
Debit ` |
Credit ` |
|
|
(i) |
Suspense A/c |
Dr. |
|
500 |
|
|
|
To Purchases A/c |
|
|
500 |
|
|
|
(Purchase Book was over cast now rectified) |
|
|
|
|
|
|
|
|
|
|
|
|
(ii) |
Salaries A/c |
Dr. |
|
3,000 |
|
|
|
To Mr. Ajay |
|
|
3,000 |
|
|
|
(Salary paid to Mr. Ajay was debited wrongly to Mr. Ajay’s Account) |
|
|
|
|
|
|
|
|
|
|
|
|
(iii) |
Shashi |
Dr. |
|
600 |
|
|
|
To Sales A/c |
|
|
300 |
|
|
|
To Purchases A/c |
|
|
300 |
|
|
|
( Goods sold to Shashi was wrongly passed through Purchases Book, now rectified) |
|
|
|
|
|
|
|
|
|
|
|
|
(iv) |
Return Inwards A/c |
Dr. |
|
9 |
|
|
|
To Suspense A/c |
|
|
9 |
|
|
|
(Return Inwards Book was added short by ` 9, now rectified) |
|
|
|
|
|
|
|
|
|
|
|
|
(v) |
Furniture A/c |
Dr. |
|
35 |
|
|
|
Happy Traders A/c |
Dr. |
|
18 |
|
|
|
To Purchases A/c |
|
|
53 |
|
|
|
(Purchase of Chair ` 35 was recorded in the Purchases Book As ` 53, now rectified) |
|
|
|
|
|
|
|
|
|
|
|
Question 20:
Rectify the
following errors by passing Journal entries:
(i) Old furniture sold for ` 500 has been credited to Sales Account.
(ii) Machinery
purchased on credit from Raman for ` 2,000 recorded
through Purchases Book as 16,000.
(iii) Cash
received from Rajat ` 5,000 was posted to the debit of Bhagat as ` 6,000.
(iv) Depreciation provided on machinery `
3,000 was posted to Machinery
Account as `
300.
(MSE
Chandigarh)
Answer:
|
Journal |
|||||
|
Date |
Particular |
L.F. |
Debit ` |
Credit ` |
|
|
(i) |
Sales A/c |
Dr. |
|
|
|
|
|
To Furniture A/c |
|
500 |
|
|
|
|
(Being Old furniture sold for ` 500 has been credited to Sales Account, Now
rectified)
|
|
|
500 |
|
|
(ii) |
Machinery A/c |
Dr. |
|
2,000 |
|
|
|
Raman’s A/c |
Dr. |
|
14,000 |
|
|
|
To Purchases A/c |
|
|
16,000 |
|
|
|
(Being Machinery purchased on credit from Raman for ` 2,000 recorded through Purchases Book as 16,000, Now rectified) |
|
|
|
|
|
(iii) |
Suspense A/c |
Dr. |
|
11,000 |
|
|
|
To Rajat’s A/c |
|
|
5,000 |
|
|
|
To Bhagat A/c |
|
|
6,000 |
|
|
|
(Being Cash received from Rajat ` 5,000 was posted to the debit of Bhagat as ` 6,000, Now rectified) |
|
|
|
|
|
(iv) |
Suspense A/c |
Dr. |
|
2,700 |
|
|
|
To Machinery A/c |
|
|
2,700 |
|
|
(Being depreciation provided less, 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