Problem No 2 Chapter No 10 - Unimax 11 Class

Problem No 2 Chapter No 10 - Unimax Class 11

The following errors were detected in the books of Asa Ram & Sons. For the year ended 30th June,2019:

1. A builder’s bill for ₹ 2,700 for the erection of a small shed was debited to repairs account.

2. A cost of new vehicle of ₹ 12,600 had been debited to purchase account.

3. Goods of the value of ₹ 150 returned by Chand mal bros. were included in stock, but no entry was made in the books.

4. Repair to plant amounting to ₹ 567 has been charged to plant and machinery account.

5. Wages paid to the firm’s own workmen for making credited additions to machinery amounting to ₹ 5,000 were posted to wages account.

6. A cheque for ₹ 75 received from Lala Ram was credited to the account to Tilak Ram and debited to cash account instead of bank account.

7. A sum of ₹ 100 drawn by the proprietor was debited to traveling expenses account. Give journal entries to correct above errors.

The solution of Question No 2 Chapter No 10: -

Journal

S.No.	Particulars		L.F.	Debit	Credit
Jun-30
1	Building A/c	Dr.		2,700
	To Repairs A/c				2,700
	(Being expenses for erection of a small shed had been wrongly debited to repairs, in place of building a/c, now rectified)
2	Vehicle’s A/c	Dr.		12,600
	To Purchases A/c				12,600
	(Being cost of new vehicle had been debited to purchases a/c, now rectified)
3	Sales return A/c	Dr.		150
	To Chand mal bros. ’s A/c				150
	(Being goods return to Chand mal bros. but not recorded in books, now rectified)
4	Repair A/c	Dr.		567
	To plant & machinery A/c				567
	(Being repaired to plant & machinery had been wrongly charged to plant & machinery a/c, now rectified)
5	Plant & Machinery A/c	Dr.		5,000
	To Wages A/c				5,000
	(Being wages paid-for addition to machinery had been wrongly debited to wages a/c in place of machinery a/c, now rectified)

Read out the full article to know the meaning of Rectification of Errors 

Error Rectification in accounting – Explanation with examples

Also, Check out the same article in Hindi from the following link

Error Rectification in accounting – Explanation with examples-in Hindi

Also, Check out the solved question of all Chapters: –

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

Part-I

• Chapter No. 1 - Introduction of Accounting
• Chapter No. 2 - Theory Base of Accounting
• Chapter No. 3 - Vouchers and Transactions
• Chapter No. 4 - Journal
• Chapter No. 5 - Goods and Services Tax (GST): An Introduction
• Chapter No. 6 - Ledger
• Chapter No. 7 - Special Purpose Book -  Cash Book
• Chapter No. 8 - Other Subsidiary Books 
• Chapter No. 9 - Trial Balance 
• Chapter No. 10 - Rectification of Errors
• Chapter No. 11 - Depreciation
• Chapter No. 12 - Provision and Reserves
• Chapter No. 13 - Bank Reconciliation Statement
• Chapter No. 14 - Bills of Exchange 

Students may choose only one part from the Part II and Part III

Part-II

• Chapter No. 15 - Financial Statements (Without Adjustments)
• Chapter No. 16 - Financial Statements (With Adjustments)
• Chapter No. 17 - Accounts from Incomplete Records -  Single Entry System

Part-III

• Chapter No. 18 - Introduction to Computers and Accounting information System
• Chapter No. 19 - Computerised Accounting
• Chapter No. 20 - Accounting Software: Tally 
• Chapter No. 21 - Data Base System
• Chapter No. 22 - Concept of Entity and Relationship