Question No 04 Chapter No 17 - T.S. Grewal 11 Class

Question No 04 Chapter No 17

4.Rectify the following errors assuming that there is no Suspense Account:
(i) Salary of 5,000 paid to Rahul was not posted to Salaries Account.
(ii) Sales to Amrish of 1,430 posted to his account as 1,340.
(iii) Sales to Vijay of 2,470 posted to his account as 2,740.
(iv) Purchases from Pal of 1,430 posted to his account as 1,340.

 

The solution of Question No 04 Chapter No 16:-

 

(i) Salary of Rs.5, 000 paid to Rahul was not posted to Salary A/c

Dr.	Salaries Account						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
	Cash A/c		5,000

 

(ii) Sales to Amrish of Rs 1,430 posted to his account as Rs 1,340

Dr.	Amrish’s Account						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
	Sales A/c		90

 

(iii) Sales to Vijay of Rs 2,470 posted to his account as Rs 2,740

Dr.	Vijay’s Account						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
					Sales A/c		270

 

(iv) Purchases from Pal of Rs1,430 posted to his account as Rs 1,340

Dr.	Pal’s Account						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
					Purchases A/c		90

 

 

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Also, Check out the solved question of previous Chapters: -

• • Chapter No. 1 – Introduction to Accounting
  • Chapter No. 2 – Basic Accounting Terms
  • Chapter No. 3 – Theory Base of Accounting, Accounting Standards and International Financial Reporting Standards(IFRS)
  • Chapter No. 4 – Bases of Accounting
  • Chapter No. 5 – Accounting Equation
  • Chapter No. 6 – Accounting Procedures – Rules of Debit and Credit
  • Goods and Services Tax(GST)
  • Chapter No. 7 – Origin of Transactions – Source Documents and Preparation of Vouchers
  • Chapter No. 8 – Journal
  • Chapter No. 9 – Ledger
  • Chapter No. 10 – Special Purpose Books I – Cash Book
  • Chapter No. 11 – Special Purpose Books II – Other Books
  • Chapter No. 12 – Bank Reconciliation Statement
  • Chapter No. 13 – Trial Balance
  • Chapter No. 14 – Depreciation
  • Chapter No. 15 – Provisions and Reserves
  • Chapter No. 16 – Accounting for Bills of Exchange
  • Chapter No. 17 – Rectification of Errors
  • Chapter No. 18 – Financial Statements of Sole Proprietorship
  • Chapter No. 19 – Adjustments in preparation of Financial Statements
  • Chapter No. 20 – Accounts from incomplete Records – Single Entry System
  • Chapter No. 21 – Computers in Accounting
  • Chapter No. 22 – Accounting Software – Tally
  • Chapter No. 5 - Accounting Equation
  • Chapter No. 6 - Accounting Procedures - Rules of Debit and Credit
  • Goods and Services Tax(GST)
  • Chapter No. 8 - Journal
  • Chapter No. 9 - Ledger
  • Chapter No. 10 – Special Purpose Books I – Cash Book

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