Question No 10 Chapter No 17 - T.S. Grewal 11 Class

Question No 10 Chapter No 17

10. Following errors affecting the accounts of the year 2016–17 were detected in the books of Das & Co., Meerut:
(i) Sale of old furniture for 5,000 was treated as sales of goods.
(ii) Rent of proprietor’s residence 6,000 was debited to Rent Account.
(iii) Cash received from Rajesh 2,150 was credited to Brajesh.
Pass the rectifying Journal entries. State the nature of each of these mistakes.

The solution of Question No 10 Chapter No 16:-

 

Date	Particulars		L.F.	Debit	Credit
i	Sales A/c	Dr.		5,000
	To Furniture A/c				5,000
	(Being Sale of old furniture treated as a sale of goods, now rectified)
ii	Drawings A/c	Dr.		6,000
	To Rent A/c				6,000
	(Being Rent paid for proprietor’s residence treated as rent paid, now rectified)
iii	Brajesh’s A/c	Dr.		2,150
	To Rajesh’s A/c				2,150
	(Being Cash received from Rajesh, credited to Brajesh, now rectified)

 

 

 

 

 

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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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