Question 23 Chapter 10 – Unimax Publications of Class 11

Question 23 Chapter 10 – Unimax Publications of Class 11

23. Give rectifying journal entries for the following errors:
(a) Sales return book is undercast by ₹ 2,000.
(b) Goods worth ₹ 2,400 purchased on credit from Vikram were entered in the sales book. However Vikram’s account had been correctly credited.
(c) An old machine sold for ₹ 4,200 was entered in the sales book.
(d) Repair to Building ₹ 2,900 were debited to building account.
(e) ₹ 2,050 paid to Rohit the creditor is posted to the debit of Mohit, another creditor as ₹ 5,020.

The solution of Question 23 Chapter 10 – Unimax Publications of Class 11

Journal

Date	Particulars		L.F.	Debit	Credit
a.	Sales returns A/c	Dr.		2,000
	To Suspense A/c				2,000
	(Being sales returns book undercast, now rectified)
b.	Purchases A/c	Dr.		2,400
	Sales A/c	Dr.		2,400
	To Suspense A/c				4,800
	(Being purchases from Vikram entered in sales book but his a/c correctly credited, now rectified)
c.	Sales A/c	Dr.		4,200
	To Machinery A/c				4,200
	(Beingold machinery sold rewarded in sales book, now rectified)
d.	Repair A/c	Dr.		2,900
	To Building A/c				2,900
	(Being repair to building debited to repair a/c, now rectified)
e.	Rohit’s A/c	Dr.		2,050
	ToMohit’s A/c				2,050
	(Being paid to Rohit a creditor, posted to Dr. of Mohit, now rectified)