Question 33:
Rectify the following errors:
(i) The total of one page of Sales Book was carried
forward as `371
instead of `317.
(ii) `540
received from Yatin was posted to the debit of his
Account.
(iii) Purchases Returns Book was overcast by `300.
(iv) An item of `1,062
entered in Sales Return Book had been posted to the debit of customer who
returned the goods.
(v) `1,500
paid for furniture purchased had been charged to ordinary Purchase Account.
Answer:
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Journal |
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Date |
Particulars |
L.F. |
Debit Rs |
Credit Rs |
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(i) |
Sales A/c |
Dr. |
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54 |
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To Suspense A/c |
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54 |
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(One page of Sale Book Rs 317 was wrongly forwarded as Rs 371, now rectified) |
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(ii) |
Suspense A/c |
Dr. |
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1,080 |
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To Yatin |
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1,080 |
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(Received Rs 540 from Yatin posted wrongly to the debit side of his account, now rectified) |
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(iii) |
Purchases Return A/c |
Dr. |
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300 |
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To Suspense A/c |
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300 |
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(Purchases Return Book was overcast, by now rectified) |
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(iv) |
Suspense A/c |
Dr. |
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2,124 |
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To Customer |
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2,124 |
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(Goods return by Customer Rs 1,062 was posted wrongly to the debit of his account, now rectified) |
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(v) |
Furniture A/c |
Dr. |
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1,500 |
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To Purchases A/c |
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1,500 |
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(Amount paid for purchase of Furniture wrongly debited to Purchases Account, now rectified) |
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Question 34:
Rectify the following errors by passing Journal entries:
(i) A sum of `470
received from Ganga was posted to her debit as `740.
(ii) A debit balance of `550
in the personal account of Mr. John was undercast.
(iii) Bills Receivable from Brown for `3,000
posted to the credit of Bills Payable Account and credited to Brown’s Account.
(iv) Goods returned by Mridul`225 have been entered in the Returns
Outward Book.
Answer:
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Journal |
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Date |
Particulars |
L.F. |
Debit (Rs) |
Credit (Rs) |
||
|
(i) |
Suspense A/c (740+ 470) |
Dr. |
|
1,210 |
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To Ganga’s
A/c |
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|
1,210 |
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(Rs 470 received from Ganga was posted to her debit as Rs 740, now rectified) |
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(ii) |
Mr. John’s A/c |
Dr. |
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550 |
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To Suspense A/c |
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|
550 |
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(Debit balance of Mr. John’s
personal account was undercasted by Rs 550, now
rectified) |
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(iii) |
Bills Receivable A/c |
Dr. |
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3,000 |
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Bills Payable A/c |
Dr. |
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3,000 |
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To Suspense A/c |
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6,000 |
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(Bills Receivable from Brown,
posted to credit of bills payable and credited to Brown’s Account, now
rectified) |
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(iv) |
Sales Return A/c |
Dr. |
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225 |
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Purchases Return A/c |
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225 |
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To Mridul’s
A/c |
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450 |
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(Goods returned by Mridul was entered in the Return Outward book, now
rectified) |
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Question 35:
While trying to close his books for the year ended 31st March,
2014, Mahesh found that the Trial Balance did not agree. He traced the
following errors:
(i) In the Sales Book for the month of January total
of Page No. 2 was carried forward to Page No. 3 as `1,000 instead of `1,200 and total of Page No. 6 was
carried forward to Page No. 7 as `5,600
instead of `5,000.
(ii) Goods returned to Ram `1,000
were recorded in the Sales Book.
(iii) Bills Receivable for `1,600
from Noor was dishonoured
and posted to debit of Allowances Account.
Rectify the above errors.
Answer:
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Journal |
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Date |
Particulars |
L.F. |
Debit (Rs) |
Credit (Rs) |
||
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(i) |
Sales A/c |
Dr. |
|
400 |
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To Suspense A/c |
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|
400 |
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(Sale book was undercasted by Rs 200 and overcastted by Rs 600, now
rectified) |
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(ii) |
Sales A/c |
Dr. |
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1,000 |
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To Purchases Return A/c |
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1,000 |
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(Goods Returned to Ram recorded
in Sales Book, now rectified) |
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(iii) |
Noor’s
A/c |
Dr. |
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1,600 |
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To Allowances A/c |
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1,600 |
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(Bills Receivable from Noor dishonoured and recorded
to allowances account, now rectified) |
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Question 36:
Pass the rectification entries for the following transactions:
(i) An amount of `2,000 received from Mohan on 1st April, 2024 had been entered in the Cash Book as having been received on 31st March, 2024.
(ii) The balance in the account of Rahim `1,000 had been written off as bad but no otheraccount has been debited.
(iii) An addition in the Returns Inward Book had been cast `100 short.
(iv) Acheque for `200 drawn for the Petty Cash Account has been posted in the account of Asif.
(v) A discounted Bill of Exchange for `20,000 returned by the firm's bank had been credited to the Bank Account and debited to Bills Receivable Account. A cheque was received later from the customer for `20,000 and duly paid.
(vi) Ramesh's Account was credited with `840 twice instead of once.
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Journal |
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Date |
Particulars |
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L.F. |
Debit (`) |
Credit (`) |
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(i) |
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2,000 |
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31.04.2024 |
Mohan |
Dr. |
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2,000 |
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To cash A/c |
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(An amount received from
Mohan on 1st April, 2024 had been entered in the Cash Book as having been
received on 31st March, 2024, now revered) |
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01.04.2024 |
Cash A/c |
Dr. |
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2,000 |
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To Mohan |
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2,000 |
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(Being amount received) |
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(ii) |
Bad debts A/c |
Dr. |
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1,000 |
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To Suspense A/c |
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1,000 |
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(Being Bad debts was not
debited, Now rectified) |
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(iii) |
Suspense A/c |
Dr. |
|
100 |
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To Sales return A/c |
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100 |
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(An addition in the Returns
Inward Book had been casted short, Now rectified) |
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(iv) |
Petty Cash A/c |
Dr. |
|
200 |
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To Asif |
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|
200 |
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(Being a cheque drawn for the Petty Cash Account has been posted
in the account of Asif, now rectified) |
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(v) |
Customer's A/c |
Dr. |
|
20,000 |
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To Bills Receivable A/c |
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20,000 |
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(Being A discounted Bill of
Exchange returned by the firm's bank had been credited to the Bank Account
and debited to Bills Receivable Account. A cheque
was received later from the customer and duly paid, Now rectified) |
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(vi) |
Ramesh |
Dr. |
|
840 |
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To Suspense A/c |
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840 |
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(Being Ramesh's
Account was credited twice instead of once, Now rectified) |
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Ts Grewal Solution 2024-2025
Class 11th