Question No 19 Chapter No 10 - Unimax 11 Class

Question No 19 Chapter No 10 - Unimax Class 11

There was a difference of ₹ 720 in trial balance which has been transferred to credit side of suspense account. Pass rectifying entries and prepare suspense account to rectify the following errors.
(1) An amount of ₹ 375 posed in the debit side of commission account instead of ₹ 275.
(2) Credit amount of ₹ 260 posted to debit of personal account as ₹ 360.
(3) Goods sold to Surinder recorded in purchases book ₹ 300.
(4) D’s bill for erections of godown at a cost of ₹ 1,200 has been charged to Repair account.

The solution of Question No 19 Chapter No 10 -

	Journal
Date	Particulars		L.F.	Debit	Credit
1	Suspense A/c	Dr.		100
	To Commission A/c				100
	(Being ₹ 375 posted to debit of commission a/c instead of ₹ 275, now rectified)
2	Suspense A/c	Dr.		620
	To personal A/c				620
	(Being credit amount posted to debit of personal a/c, now rectified)
3	Surinder’s A/c	Dr.		600
	To Sales A/c				300
	To Purchases A/c				300
	(Being goods sold to Surinder posted to purchases book)
4	Building A/c	Dr.		1,200
	To Repairs A/c				1,200
	(Being erection of godown charged to repair a/c, now rectified)

 

Dr.	Suspense A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
	To Commission A/c		100		By Balance b/d		720
	To personal A/c		620
			720				720

It is all about Question 19 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: –

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

Part-I

• Chapter No. 1 - Introduction of Accounting
• Chapter No. 2 - Theory Base of Accounting
• Chapter No. 3 - Vouchers and Transactions
• Chapter No. 4 - Journal
• Chapter No. 5 - Goods and Services Tax (GST): An Introduction
• Chapter No. 6 - Ledger
• Chapter No. 7 - Special Purpose Book -  Cash Book
• Chapter No. 8 - Other Subsidiary Books 
• Chapter No. 9 - Trial Balance 
• Chapter No. 10 - Rectification of Errors
• Chapter No. 11 - Depreciation
• Chapter No. 12 - Provision and Reserves
• Chapter No. 13 - Bank Reconciliation Statement
• Chapter No. 14 - Bills of Exchange 

Students may choose only one part from the Part II and Part III

Part-II

• Chapter No. 15 - Financial Statements (Without Adjustments)
• Chapter No. 16 - Financial Statements (With Adjustments)
• Chapter No. 17 - Accounts from Incomplete Records -  Single Entry System

Part-III

• Chapter No. 18 - Introduction to Computers and Accounting information System
• Chapter No. 19 - Computerised Accounting
• Chapter No. 20 - Accounting Software: Tally 
• Chapter No. 21 - Data Base System
• Chapter No. 22 - Concept of Entity and Relationship