Question
25:
Give rectifying entries for the following:
(i) `5,400
received from . A was posted to the debit of his account.
(ii) The total of Sales Return Book overcasted by `800.
(iii) `2,740
paid for repairs to motor car was debited to Motor Car Account as `1,740.
(iv) Returned goods to Shyam`1,500 were passed through Returns Inward
Book.
Answer:
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Journal |
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Date |
Particulars |
L.F. |
Debit Rs |
Credit Rs |
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(i) |
Suspense A/c |
Dr. |
|
10,800 |
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To Mr.A |
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10,800 |
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(Received Rs 5,400 from Mr A was wrongly debited to his Account, now rectified) |
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(ii) |
Suspense A/c |
Dr. |
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800 |
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To Sales Return A/c |
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800 |
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(Sales Return Book was overcast, now rectified) |
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(iii) |
Repair A/c |
Dr. |
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2,740 |
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To Motor Car A/c |
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1,740 |
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To Suspense A/c |
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1,000 |
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(Repairs of Motor Cars Rs 2,740 was wrongly debited to Motor Car Account as Rs 1,740, now rectified) |
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(iv) |
Shyam |
Dr. |
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3,000 |
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To Return Inwards A/c |
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1,500 |
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To Return Outwards A/c |
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1,500 |
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(Return Outward to Shyam was wrongly recorded in the Return Inwards Book, now rectified) |
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Question 26:
Pass Journal entries rectifying the following errors:
(i) A cheque for `20,000 was received
from Ranjan on which `200
Cash Discount was allowed. The cheque was not honoured on due date and the amount of discount was
credited to Discount Received Account.
(ii) `5,000
paid as wages for machinery installation was debited to Wages Account.
(iii) `10,000
received from Rakesh were credited to his Personal
Account. The amount had been written off as bad debts earlier.
(iv) Repair bill of machinery was recorded as `500 against the bill
amount of `5,000.
Answer:
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Journal |
|||||
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Date |
Particulars |
L.F. |
Debit Amount Rs |
Credit Amount Rs |
|
|
(i) |
Discount Received A/c |
Dr. |
|
200 |
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To Discount Allowed A/c |
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|
200 |
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(On dishonour of Ranjan’scheque, instead of crediting Discount Allowed Account, Discount Received Account was wrongly credited, now rectified) |
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(ii) |
Machinery A/c |
Dr. |
|
5,000 |
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To Wages A/c |
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|
5,000 |
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(Wages paid for Installation of Machinery was debited wrongly to Wages Account, now rectified) |
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(iii) |
Rakesh A/c |
Dr. |
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10,000 |
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To Bad Debt Recovered A/c |
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10,000 |
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(Cash received from Rakesh was Credited wrongly to Rakesh’s Account was previously written off as Bad Debt, now rectified) |
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(iv) |
Since error is made at time of recording so correct entry would be |
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Repair A/c |
Dr. |
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4,500 |
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To Cash A/c |
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4,500 |
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(Repair bill Rs 5,000 was recorded as Rs 500, now rectified) |
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Question 27:
Rectifying the following errors:
(i) Sales Book has been totaled `1,000
short.
(ii) Goods worth `1,500
returned by Green & Co. have not been recorded anywhere.
(iii) Goods purchased worth `2,500
have been posted to the debit of the supplier, Gupta & Co.
(iv) Furniture purchased from Gulab& Co. worth `10,000 has been
entered in Purchases Book.
(v) Cash received from A `2,500 has not been
posted in his account.
Answer:
|
Journal |
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|
Date |
Particulars |
L.F. |
Debit Rs |
Credit Rs |
|
|
(i) |
Suspense A/c |
Dr. |
|
1,000 |
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To Sales A/c |
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|
1,000 |
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|
(Sales Book was undercast, now rectified) |
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(ii) |
Sales Return A/c |
Dr. |
|
1,500 |
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To Green & Co |
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|
1,500 |
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(Goods returned by Green & Co was not recorded, now recorded) |
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(iii) |
Suspense A/c |
Dr. |
|
5,000 |
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To Gupta & Co |
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5,000 |
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(Goods purchased of Rs 2,500 from Gupta & Co was wrongly debited to his account, now rectified) |
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(iv) |
Furniture A/c |
Dr. |
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10,000 |
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To Purchases A/c |
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10,000 |
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(Purchase of goods Rs 10,000 was debited wrongly to Purchases Book, now rectified) |
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(v) |
Suspense A/c |
Dr. |
|
2,500 |
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To A |
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2,500 |
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(Cash received from A was not posted to his account, now rectified) |
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Question 28:
Pass Journal entries to rectify the errors in the following cases:
(i) A purchase of goods from David amounting to `150 has been wrongly
passed through the Sales Book.
(ii) A credit sale of goods of `120
to Peter has been wrongly passed through the Purchases Book.
(iii) `200,
salary paid to Cashier, Bimal, stands wrongly debited
to his Personal Account.
(iv) A credit sale of `4,230
to Krishan entered as purchase from Kishan`4,320.
(v) Ramesh's Account was credited with `840 twice instead of
once.
Answer:
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Journal |
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Date |
Particulars |
L.F. |
Debit (`) |
Credit (`) |
|
|
(i) |
Purchases A/c |
Dr. |
|
150 |
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|
Sales A/c |
Dr. |
|
150 |
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To David |
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|
300 |
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(Purchase of Goods from David was wrongly passed through Sales Book, now rectified) |
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(ii) |
Peter |
Dr. |
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240 |
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To Sales A/c |
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120 |
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To Purchases A/c |
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|
120 |
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(Sale of goods to Peter was wrongly passed through Purchases Book, now rectified) |
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(iii) |
Salaries A/c |
Dr. |
|
200 |
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To Bimal |
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200 |
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(Salary paid to Bimal was passed wrongly to his account, now rectified) |
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(iv) |
Krishan |
Dr. |
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4,230 |
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To Sales A/c |
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|
4,230 |
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(Sales to Krishan recorded wrongly as purchases from Kishan with a wrong amount, now rectified) |
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(v) |
Ramesh |
Dr. |
|
840 |
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To Suspense A/c |
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840 |
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(Amount twice Credit to Ramesh’s Account, now rectified) |
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Ts Grewal Solution 2024-2025
Class 11th