Question No 37 Chapter No 10 - Unimax 11 Class

Question No 37 Chapter No 10 - Unimax Class 11

37 Rectify the following error:
(1) Credit sales to Mohan ₹ 7,000 were recorded as ₹ 700.
(2) Credit purchases from Rohan ₹ 9,000 were recorded as ₹ 900.
(3) Goods returned to Rakesh ₹ 4,000 were recorded as ₹ 400.
(4) Goods returned from Mahesh ₹ 1,000 were recorded as ₹ 100

The solution of Question No 37 Chapter No 10 -

Journal

Date	Particulars			L.F.	Debit	Credit
1	Mohan’s A/c	Dr			6,300
	To Sales A/c					6,300
	(Being credit sales to Mohan recorded wrongly in books, now rectified)
2	Purchases A/c	Dr			8,100
	To Rohan’s A/c					8,100
	(Being goods purchases on credit from Rohan recorded wrongly in book, now rectified)
3	Rakesh A/c	Dr			3,600
	To purchases returns A/c					3,600
	(Being goods returned to Rakesh recorded wrongly in books, now rectified)
4	Sales returns A/c	Dr			900
	To Mahesh A/c					900
	(Being sales returned from Mahesh recorded wrongly in books, now rectified)
					18,900	18,900

It is all about Question 37 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