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Problem No 3 (II) Chapter No 10 - Unimax 11 Class

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Problem No 3 (II) Chapter No 10 - Unimax Class 11

The bookkeeper finds a difference of ₹ 660 while preparing a trial balance. The difference was place on credit side of Suspense A/c. errors was subsequently discovered. Pass journal entries to rectify the following errors and Suspense A/c.

1. sales amount ₹ 200 has been posted to purchases A/c.

2. goods sold to Ram ₹ 1,100 and Mohan 1,500 were recorded in sales book as sales to Ram ₹ 1,500 and Mohan ₹ 1,100.

3. Goods returned by Mohan ₹ 840 was recorded in the sales book.

4. An amount spent ₹ 500 as repair on old plant purchases stands debited to Repair A/c.

5. Goods return to Krishna ₹ 530 was recorded in the purchases book, however, the account of Krishna was correctly debited.

6. Ashok owed us ₹ 400 has been included in creditors.

The solution of Problem No 3 (II) Chapter No 10 -

Journal

S. No.	Particulars			Debit	Credit

1	Suspense A/c	Dr.		400
	To Sales A/c				200
	To Purchases A/c				200
	(Being sales posted to purchases A/c, now rectified)

2	Mohan’s A/c	Dr.		400
	To Ram’s A/c				400
	(Being sales to Ram & Mohan of ₹ 1,100 and ₹ 1,500 respectively but amount recorded inter changebly, now rectified)

3	Sales returns A/c	Dr.		840
	Sales A/c	Dr.		840
	To Mohan’s A/c				1,680
	(Being goods returned by Mohan wrongly entered in sales book, now rectified)

4	Plant A/c	Dr.		500
	To Repair A/c				500
	(Being paid for repair of old plant purchases debited to repair a/c, now rectified)

5	Suspense A/c	Dr.		1,060
	To Purchases A/c				530
	To Purchases return A/c				530
	(Being goods return to Krishna, recorded in purchases book, now rectified)

6	Sundry Debtors A/c		Dr.	400
	Sundry creditors A/c		Dr.	400
	To Suspense A/c				800
	(Being owned by Ashok entered in S. creditors, now rectified)

Date	Particulars	Amount	Particulars	Amount
Dr.	Suspense A/c			Cr.
	To Sales A/c	200	By Balance c/d	660
	To Purchases A/c	200	By Sundry Debtors A/c	400
	To Purchases A/c	530	By Sundry Creditors A/c	400
	To Purchases return A/c	530

		1,460		1,460

Problem No 3 (II) Chapter No 10 - Unimax 11 Class

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The solution of Problem No 3 (II) Chapter No 10 -

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

Sarbjit SinghB.Com and M.Com

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