Question No 34 Chapter No 10 - Unimax 11 Class

Question No 34 Chapter No 10 - Unimax Class 11

34 Rectify the following errors assuming that suspense account was opened. Ascertain the difference in trial balance.
(a) Furniture purchases for ₹ 10,000 wrongly debited to Purchases account as ₹ 4,000.
(b) Machinery purchases on credit form Raman for ₹ 20,000 recorded through purchases book as ₹ 6,000.
(c) Repair on machinery ₹ 1,400 debited to machinery account as ₹ 2,400.
(d) Repair on overhauling of second hand machinery purchases ₹ 2,000 was debited to Repairs account as ₹ 200.
(e) Sales of old machinery at book value ₹ 3,000 was credited to sales account as ₹ 5,000.

The solution of Question No 34 Chapter No 10 -

Journal

Date	Particulars			L.F.	Debit	Credit
a.	Furniture A/c	Dr			10,000
	To Purchases returns A/c					4,000
	To Suspense A/c					6,000
	(Being furniture purchases debited to purchases a/c with wrong amount, now rectified)
b.	Machinery A/c	Dr			20,000
	To Purchases A/c					6,000
	To Suspense A/c					14,000
	(Being machinery purchases on credit passed through purchases book with wrong amount, now rectified)
c.	Repair A/c	Dr			1,400
	Suspense A/c	Dr			1,000
	To Purchases A/c					2,400
	(Being repair to machinery debited to machinery a/c with wrong amount, now rectified)
d.	Machinery A/c	Dr			2,000
	To Repair A/c					200
	To Suspense A/c					1,800
	(Being overhauling expenses on second hand machinery entered in repair wrongly, now rectified)
e.	Sales A/c	Dr			5,000
	To Machinery A/c					3,000
	To Suspense A/c					2,000
	(Being sales of machinery credited to sales a/c wrongly with wrong amount, now rectified)
					39,400	39,400

 

Dr.	Suspense A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
	To Different in trial balance		22,800		By Furniture A/c		6,000
	To Machinery A/c		1000		To Machinery A/c		14,000
					To Machinery A/c		1,800
					To Sales A/c		2,000
			23,800				23,800

It is all about Question 34 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