Question 17:
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 PurchasesBook 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.
Answer:
|
Journal |
|||||
|
Date |
Particular |
L.F. |
Debit Rs |
Credit Rs |
|
|
(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) |
|
|
|
|
|
|
|
|
|
|
|
|
Question 18:
Give the rectifying entries of the following:
(i) Sales of `20,000
to Manoj were recorded as `2,000 in the Sales Book.
(ii) An amount of `35,000
spent for the extension of machinery has been debited to the Wages Account.
(iii) Discount received from Ram & Co. `350,
has not been entered in the discount column of the Cash Book.
(iv) Goods of `3,000
sold to Mahesh were recorded in the Purchases Book.
Answer:
|
Journal |
|||||
|
Date |
Particulars |
L.F. |
Debit Rs |
Credit Rs |
|
|
(i) |
Monoj |
Dr. |
|
18,000 |
|
|
|
To Sales A/c |
|
|
18,000 |
|
|
|
(Sales Rs 20,000 was recorded wrongly as Rs 2,000, now rectified) |
|
|
|
|
|
|
|
|
|
|
|
|
(ii) |
Machinery A/c |
Dr. |
|
35,000 |
|
|
|
To Wages A/c |
|
|
35,000 |
|
|
|
(Amount spent on Installation of machinery was debited wrongly to Wages Account, now rectified) |
|
|
|
|
|
|
|
|
|
|
|
|
(iii) |
Ram & Co. A/c |
Dr. |
|
4,750 |
|
|
|
To Discount Received A/c |
|
|
4,750 |
|
|
|
(Discount received from Ram & Co. not been entered in Cash Book, now rectified) |
|
|
|
|
|
|
|
|
|
|
|
|
(iv) |
Mahesh |
Dr. |
|
6,000 |
|
|
|
To Sales A/c |
|
|
3,000 |
|
|
|
To Purchases A/c |
|
|
3,000 |
|
|
|
(Goods sold to Mahesh was recorded wrongly in Purchases Book now rectified) |
|
|
|
|
|
|
|
|
|
|
|
Question 19:
Pass the Journal entries rectifying
the following errors:
(i) Purchases of `20,000
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 `7,000 was credited to Sales Account.
(v) Bill for `800
received from Mukesh for repair of machinery was
entered in the Purchases Book as `700.
(vi) Purchase of goods from Nathan amounting to `5,000 had been entered through the Sales Book.
Answer:
|
Journal |
||||||
|
Date |
Particulars |
L.F. |
Debit (`) |
Credit (`) |
||
|
(i) |
Purchases A/c |
Dr. |
|
20,000 |
|
|
|
|
|
To Suspense A/c |
|
|
|
20,000 |
|
|
(Purchase of goods worth Rs
20,000 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 Rs 15,000 was
debited to Landlord’s personal account, now rectified) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(iv) |
Sales A/c |
Dr. |
|
7,000 |
|
|
|
|
|
To Machinery A/c |
|
|
|
7,000 |
|
|
(Sale of machinery costing Rs
7,000 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) |
||||||
|
(vi) |
Purchases A/c |
Dr. |
5,000 |
|||
|
Sales A/c |
Dr. |
5,000 |
||||
|
To Nathan |
10,000 |
|||||
|
|
(Being
Purchase of goods from Nathan ,entered through the Sales Book, now
rectified) |
|
|
|
||
Question 20:
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 Rs |
Credit Rs |
|
|
(i) |
Sales A/c |
Dr. |
|
198 |
|
|
|
To Suspense A/c |
|
|
198 |
|
|
|
(Carry forwarding Rs 2,785 instead of Rs 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 Rs 430 was wrongly debited to Sales Account for Rs 340, now rectified) |
|
|
|
|
|
|
|
|
|
|
|
Click below for more Questions
Ts Grewal Solution 2024-2025
Class 11th