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Question No 16 Chapter No 10 - Unimax Class 11
The Trial Balance of M/s Gupta and sons shows a difference of ₹ 52,200. To prepare the final A/c on 31st march 2020, this difference is placed in a suspense A/c. afterward the following errors were disclosed. Pass necessary entries to rectify them and show the suspense A/c.
(1) The total of purchases book had been under casted by ₹ 20,000.
(2) A cheque received from Vasudev for ₹ 7,800 had been debited in the cash book but not posted in Vasudev’s personal A/c.
(3) The return outward book had been admitted ted by ₹ 10,000.
(4) Goods returned by Yash Pal worth ₹ 15,000 have been entered in return outward book. However, Yash Pal’s A/c is correctly posted.
| Date | Particulars | L.F. | Debit | Credit | ||
|---|---|---|---|---|---|---|
| 1 | Purchases A/c | Dr. | 20,000 | |||
| To Suspense A/c | 20,000 | |||||
| (Being total purchases book undercast, now rectified) | ||||||
| 2 | Suspense A/c | Dr. | 7,800 | |||
| To Vasudev’ A/c | 7,800 | |||||
| (Being cheque received from Vasudev not posted to his a/c, now rectified) | ||||||
| 3 | Returns outward A/c | Dr. | 10,000 | |||
| To Suspense A/c | 10,000 | |||||
| (Being return outward book mitted ted, now rectified) | ||||||
| 4 | Return inward A/c | Dr. | 15,000 | |||
| Return outward A/c | Dr. | 15,000 | ||||
| To Suspense A/c | 30,000 | |||||
| (Being goods returned by Yash Pal entered in returns outwards book, now rectified) | ||||||
It is all about Question 16 Chapter 10 of Class 11 unimax, If you have any problem please comment below.
Read out the full article to know the meaning of Rectification of Errors
Error Rectification in accounting – Explanation with examples
Also, Check out the same article in Hindi from the following link
Error Rectification in accounting – Explanation with examples-in Hindi
Also, Check out the solved question of all Chapters: –
Part-I
Students may choose only one part from the Part II and Part III
Part-II
Part-III
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.
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