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Question 7 Chapter 10 – Unimax Publications of Class 11
7. An accountant while balancing his books found that there was a difference (excess credit) of ₹ 860 in the trial balance. The difference was placed in the Suspense account and books were closed. The following errors were disclosed afterward:
Journal
| Date | Particulars | L.F. | Debit | Credit | ||
|---|---|---|---|---|---|---|
| a. | Sales A/c | Dr. | 3,000 | |||
| To Machinery A/c | 3,000 | |||||
| (Being sales of old machinery posted to sales a/c, now rectified) | ||||||
| b. | Suspense A/c | Dr. | 30 | |||
| To Discount A/c | 30 | |||||
| (Being discount allowed by Rizvi not posted discount a/c, now rectified) | ||||||
| c. | Debtors A/c | Dr. | 640 | |||
| To Suspense A/c | 640 | |||||
| (Being Mohan not included in the list of debtors, now rectified) | ||||||
| d. | Suspense A/c | Dr. | 200 | |||
| To Sukhram’s A/c | 200 | |||||
| (Being a/c of Sukhram debited on account of goods returned by him, now rectified) | ||||||
| e. | Ramratan’s A/c | Dr. | 450 | |||
| To Suspense A/c | 450 | |||||
| (Being goods purchases of ₹ 50, shown credit side his a/c, 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 7 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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