Question No 23 Chapter No 10 - Unimax 11 Class

Question No 23 Chapter No 10 - Unimax Class 11

23. Give rectifying journal entries for the following errors:
(a) Sales return book is undercast by ₹ 2,000.
(b) Goods worth ₹ 2,400 purchased on credit from Vikram were entered in the sales book. However Vikram’s account had been correctly credited.
(c) An old machine sold for ₹ 4,200 was entered in the sales book.
(d) Repair to Building ₹ 2,900 were debited to building account.
(e) ₹ 2,050 paid to Rohit the creditor is posted to the debit of Mohit, another creditor as ₹ 5,020.

The solution of Question No 23 Chapter No 10 -

Journal

Date	Particulars		L.F.	Debit	Credit
a.	Sales returns A/c	Dr.		2,000
	To Suspense A/c				2,000
	(Being sales returns book undercast, now rectified)
b.	Purchases A/c	Dr.		2,400
	Sales A/c	Dr.		24,00
	ToSuspense A/c				4,800
	(Being purchases from Vikram entered in sales book but his a/c correctly credited, now rectified)
c.	Sales A/c	Dr.		4,200
	To Machinery A/c				4,200
	(Beingold machinery sold rewarded in sales book, now rectified)
d.	Repair A/c	Dr.		2,900
	To Building A/c				2,900
	(Being repair to building debited to repair a/c, now rectified)
e.	Rohit’s A/c	Dr.		2,050
	ToMohit’s A/c				2,050
	(Being paid to Rohit a creditor, posted to Dr. of Mohit, now rectified)

It is all about Question 18 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