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Question 31 Chapter 10 – Unimax Publications of Class 11
31. The books of Deven Verma could not be tallied. The accountant transferred the difference of ₹ 1,270 in the suspense account on the debit side. The following mistakes were found later on. Rectify these errors by passing journal entries and prepare suspense account.
(1) The purchases of ₹ 400 from Saran was entered into sales book but Saran’s personal account was rightly credited.
(2) The sale of ₹ 430 to Ramdas was credited in his account as ₹ 340.
(3) The sales of old furniture of ₹ 540 was credited to sales account as ₹ 450.
(4) The item of ₹ 100 entered in the sales return book had been posted to the debit of the customer who returned the goods.
(5) ₹ 60 owing by a customer had been omitted from the schedule of sundry debtors.
Journal
| Date | Particulars | L.F. | Debit | Credit | ||
|---|---|---|---|---|---|---|
| 1 | Purchases A/c | Dr | 400 | |||
| Sales A/c | Dr | 400 | ||||
| To Suspense A/c | 800 | |||||
| (Being goods purchases from Saran wrongly posted to sales book, now rectified) | ||||||
| 2 | Ramdas A/c | Dr | 770 | |||
| To Suspense A/c | 770 | |||||
| (Being sales to Ramdas wrongly credited in his a/c with the wrong amount, now rectified) | ||||||
| 3 | Sales A/c | Dr | 450 | |||
| Suspense A/c | Dr | 90 | ||||
| To Furniture A/c | 540 | |||||
| (Being sales of furniture entered wrongly in the sales book, now rectified) | ||||||
| 4 | Suspense A/c | Dr | 200 | |||
| To Customer A/c | 200 | |||||
| (Being sales return by a customer debited to his a/ wrongly, now rectified) | ||||||
| 5 | Debtors A/c | Dr | 60 | |||
| To Suspense A/c | 60 | |||||
| (Being a customer omitted from the list of sundry debtors, now rectified) | ||||||
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
This guide covers "Question 31 Chapter 10 – Unimax Publications of Class 11", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to Unimax Accountancy Class 11 - 2023.
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