Question No 22 Chapter No 16 - USHA Publication 11 Class

Question No 22 Chapter No 16

Recertification after the Preparation of Trail Balance but before Final Account

Single Account Errors

22. You are required to rectify the following errors in the books of Kamal with suspense account.
(a) Income tax paid Rs 1,800 was posted to office expenses account RS 1,080.
(b) A sale of goods of Rs 7,500 to Kavita was recorded in sale book Rs 7,050. (c) Goods of Rs 1,100 withdrawn for personal use not yet recorded in the books.
(d) Raman returned goods with Rs 700 was recorded in' Purchase Returns Book'. However. Raman was correctly credited.
(e) A sum of Rs 8,000 received from K.P. Singh was posted to M.P. Singh.
(f) Salary Rs 1,290 paid to Monika was posted to her personal account Rs 1,920.
(g) Commission received Rs 1,160 from Gurjit was posted to his personal account Rs 1,060.

 

The solution of Question No 22 Chapter No 16:-

Journal

Date	Particulars		L.F.	Debit	Credit
(a)	Drawing A/c	Dr.		1,800
	To Office Expenses A/c				1,080
	To Suspense A/c				720
	(Being income tax paid RS 1800 wrongly debited to office expenses as Rs 1,080 now corded.)
(b)	Kavita A/c	Dr.		450
	To Sale A/c				450
	(Being sale Rs 7,500 wrongly recorded as Rs 7,050 now corded.)
(c)	Drawing A/c	Dr.		1,100
	To Purchases A/c				1,100
	(Being drawing unrecorded now corded.)
(d)	Sale Retune A/c	Dr.		700
	Purchases return A/c	Dr.		700
	To Suspense A/c				1,400
	(Being sales return wrongly treated as purchases return now corrected )
(e)	M.P. Singh A/c	Dr.		8,000
	To K.P Singh A/c				8,000
	(Being receipt from K.P Singh wrongly posted in M.P Singh now corded.)
(f)	Salary A/c	Dr.		1,290
	Suspense A/c	Dr.		630
	To Monika A/c				1,920
	(Being salary paid Rs 1,290posted to personal A/c as Rs 1,920 now corrected )
(g)	Gurjit A/c	Dr.		1,060
	Suspense A/c	Dr.		100
	To Commission A/c				1,160
	(Being commission received wrongly recorded in a personal account now corrected )

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Usha Publication - Elements of Book-Keeping PSEB (Class 11) - Solution

Chapter No. 1 - Introduction

Chapter No. 2 - Theory Base of Accounting 

Chapter No. 3 - Origin of Transactions

Chapter No. 4 - Vouchers and transactions

Chapter No. 5 - Journal

Chapter No. 6 - Accounting for Goods and Services Tax(GST)

Chapter No. 7 - Ledger

Chapter No. 8 - Cash Book

Chapter No. 9 - Other Subsidiary Books

Chapter No. 10 - Journal Proper

Chapter No. 11 - Trial Balance

Chapter No. 12 - Bank Reconciliation Statement

Chapter No. 13 - Depreciation

Chapter No. 14 - Provisions and Reserves 

Chapter No. 15 - Bills of Exchange

Chapter No. 16 - Rectification of Errors 

Chapter No. 17 - Financial Statements - (Without Adjustments)

Chapter No. 18 - Financial Statements - (With Adjustments)