Question No 23 Chapter No 17 - T.S. Grewal 11 Class

Question No 23 Chapter No 17

23. Give rectifying entries for the following: |
(i) 5,400 received from Mr A was posted to the debit of his account.
(ii) The total of Sales Return Book overcast by 800.
(iii) 2,740 paid for repairs to the motor car was debited to Motor Car Account as 1,740.
(iv) Returned goods to Shyam 1,500 were passed through Returns Inward Book

The solution of Question No 23 Chapter No 16:-

 

Date	Particulars		L.F.	Debit	Credit
i	Suspense A/c	Dr.		10,800
	To Mr. A A/c				10,800
	(Being Received Rs 5,400 from Mr A was wrongly debited to his Account, now rectified)
ii	Suspense A/c	Dr.		800
	To Sales Return A/c				800
	(Being Sales Return Book was overcast, now rectified)
iii	Repair A/c	Dr.		2,740
	To Motor Car A/c				1,740
	To Suspense A/c				1,000
	(Being Repairs of Motor Cars Rs 2,740 was wrongly debited to Motor Car Account as Rs 1,740, now rectified)
iv	Shyam	Dr.		3,000
	To Return Inwards A/c				1,500
	To Return Outwards A/c				1,500
	(Being Return Outward to Shyam was wrongly recorded in the Return Inwards Book, 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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