Question No 3 Chapter No 10 - Unimax 11 Class

Question No 3 Chapter No 10 - Unimax Class 11

Give the necessary entries to correct the following errors:

1. ₹ 520 received from H has been posted to the credit of T account.
2. New machinery costing ₹ 6,000 has been debited to machinery repair account.
3. Private expenses of ₹ 100 have been posted to office expenses account

The solution of Question No 3 Chapter No 10 -

 

Journal

Date	Particulars			L.F.	Debit	Credit
(a)	T’s A/c	Dr.			520
	To H’s A/c					520
	(Being cash received from H wrongly posted to credit of T’s a/c, now rectified)
(b)	Machinery A/c	Dr.			6,000
	To Repair A/c					6,000
	(Being new machinery purchases, debited to repairs a/c, now rectified)
(c)	Drawing A/c	Dr.			100
	To Office expenses A/c					100
	(Being private expenses posted to office expenses a/c, now rectified)

 

It is all about Question 3 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