Question No 33 Chapter No 10 - Unimax 11 Class

Question No 33 Chapter No 10 - Unimax Class 11

 33. Rectify the following errors assuming that suspense account was opened. Ascertain the difference in trial balance.
(a) Credit sales to Mohan ₹ 7,000 were recorded in purchases book. However, Mohan’s account was correctly debited.
(b) Credit purchases from Rohan ₹ 9,000 were recorded in sales book. However Rohan’s account was correctly credited.
(c) Goods return to Rakesh ₹ 4,000 were recorded in sales return book. However, Rakesh’s account was correctly debited.
(d) Goods return from Mahesh ₹ 1,000 were recorded through purchases return book. However, Mahesh’s account was correctly credited.
(e) Goods returned to Naresh ₹ 2,000 were recorded through purchases book. However, Naresh’s account was correctly debited

The solution of Question No 33 Chapter No 10 -

 Journal

Date	Particulars			L.F.	Debit	Credit
a.	Suspense A/c	Dr			14,000
	To Purchases A/c					7,000
	To Sales A/c					7,000
	(Being goods sold on credit recorded wrongly in purchases book only, now rectified)
b.	Purchases A/c	Dr			9,000
	Sales A/c	Dr			9,000
	To Suspense A/c					18,000
	(Being credit purchases recorded wrongly in sales book only, now rectified)
c.	Suspense A/c	Dr			8,000
	To Purchases returns A/c					4,000
	To Sales returns A/c					4,000
	(Being purchases return to Rakesh wrongly posted to sales returns, now rectified)
d.	Purchases returns A/c	Dr			1,000
	Sales returns A/c	Dr			1,000
	To Suspense A/c					2,000
	(Being sales return from Mahesh posted wrongly in purchases returns book, now rectified)
e.	Suspense A/c	Dr			4,000
	To Purchases A/c					2,000
	To Purchases returns A/c					2,000
	(Being purchases returns from Naresh recorded through purchases book only, now rectified)

 

 

Dr.	Suspense A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
	To Purchases A/c		7,000		By Difference in trial balance		6,000
	To Sales A/c		7,000		To Purchases A/c		9,000
	To Purchases returns A/c		4,000		To Sales A/c		9,000
	To Sales returns A/c		4,000		To Sales returns A/c		1,000
	To Purchases A/c		2,000		To Purchases returns A/c		1,000
	To Purchases returns A/c		2,000
			26,0000				26,0000

It is all about Question 33 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