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) Thefollowing 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 |
|
|
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To Purchases A/c |
|
|
2,500 |
|
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|
(Credit Sale of goods to Krishna was posted wrongly to Purchases Book, now rectified) |
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(b) |
Machinery A/c |
Dr. |
|
5,000 |
|
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To Freight |
|
|
500 |
|
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|
To Suspense A/c |
|
|
4,500 |
|
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(Freight Rs 5,000 paid on machinery was wrongly recorded in Freight Account as Rs 500) |
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(c) |
Suspense A/c |
Dr. |
|
100 |
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To Return Inwards A/c |
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|
100 |
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|
(Return Inwards Book was overcast, now rectified) |
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(d) |
Ramesh |
Dr. |
|
500 |
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To Bad Debt Recovered A/c |
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|
500 |
|
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|
(Received Rs 500 which previously written off as Bad debt wrongly credited to Ramesh Account, now rectified) |
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(v) |
Sundry Debtors A/c |
Dr. |
|
460 |
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To Hari |
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|
460 |
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(Hari which was not in the List of Sundry Debtors, now recorded) |
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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) |
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(ii) |
Machinery A/c |
Dr. |
|
35,000 |
|
|
|
To Purchases A/c |
|
|
35,000 |
|
|
|
(Purchase of Machinery was recorded wrongly in Invoice Book, now rectified) |
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(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) |
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(iv) |
Bills Payable A/c |
Dr. |
|
2,000 |
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To Malhotra Bros. |
|
|
2,000 |
|
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|
(Amount paid against acceptance to Mehta Bros was wrongly debited to Malhotra Bros, now rectified) |
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(v) |
Shyam |
Dr. |
|
198 |
|
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To Ram |
|
|
198 |
|
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|
(Sales to Ram Rs 204 was debited to his account as Rs 402 and Purchase from ShyamRs |
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1,012 was Credited to his account as Rs 1,210, now rectified) |
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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) |
|
|
|
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(ii) |
Suspense A/c |
Dr. |
|
5,000 |
|
|
|
To Sales A/c |
|
|
5,000 |
|
|
|
(Sales Book was undercast, now rectified) |
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(iii) |
Drawings A/c |
Dr. |
|
6,500 |
|
|
|
To Rent A/c |
|
|
6,500 |
|
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|
(Rent of proprietor’s residence was wrongly debited to Rent Account, now rectified) |
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(iv) |
Suspense A/c |
Dr. |
|
23,760 |
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To Manav |
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|
23,760 |
|
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(Goods returned by ManavRs 11,970 was wrongly posted to the debit of his account as Rs 11,790, now rectified) |
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Question 32:
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) RadheyShyam 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) |
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(ii) |
Machinery A/c |
Dr. |
|
500 |
|
|
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To Sundry Expense A/c |
|
|
50 |
|
|
|
To Suspense A/c |
|
|
450 |
|
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|
(Installation charges of Machinery Rs 1,500 was wrongly debited as Rs 50 in Sundry Expenses Account, now rectified) |
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(iii) |
Sales Return A/c |
Dr. |
|
500 |
|
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|
Purchases Return A/c |
Dr. |
|
500 |
|
|
|
To RadheyShyam |
|
|
1,000 |
|
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|
(Goods returned by RadheyShyam was wrongly entered in Purchases Return Book, now rectified) |
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(iv) |
Drawings A/c |
Dr. |
|
5,000 |
|
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To Purchases A/c |
|
|
5,000 |
|
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|
(Goods taken by proprietor was not recorded, now rectified) |
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Ts Grewal Solution 2024-2025
Class 11th