Question No 40 Chapter No 10 - Unimax 11 Class

Question No 40 Chapter No 10 - Unimax Class 11

40 Trial balance of Madan did not agee and he put the difference to suspense account. He discovered the following errors:
(a) Sales return book overcast by ₹ 800.
(b) Purchases return to Sahu ₹ 2,000 were not posted.
(c) Goods purchases on credit from Narula ₹ 4,000 through taken into stock, but no entry was passed in the books.
(d) Installation charges on new machinery purchased ₹ 500 were debited to sundry expense account as ₹ 50.
(e) Rent paid for residential accommodation of Madah (the proprietor) ₹ 1,400 was debited to rent account as ₹ 1,000.
(f) Rectify the errors and prepare suspense account to ascertain the difference in trial balance.

The solution of Question No 40 Chapter No 10 -

Journal

Date	Particulars			L.F.	Debit	Credit
a.	Suspense A/c	Dr			800
	To Sales returns A/c					800
	(Being sales returns book overcasted, now rectified)
b.	Sahu’s A/c	Dr			2,000
	To Suspense A/c					2,000
	(Being purchases return to Sahu not posted, now rectified)
c.	Purchases A/c	Dr			4,000
	To Narula A/c					4,000
	(Being goods purchases on credit from Narula not recorded in books, now rectified)
d.	Machinery A/c	Dr			500
	To Sundry expense A/c					50
	To Suspense A/c					450
	(Being installation expenses of machinery debited wrongly to sundry expenses a/c, now rectified)
e.	Drawing A/c	Dr			1,400
	To Rent A/c					1,000
	To Suspense A/c					400
	(Being cash withdrawn for paying rent of residence)
					8,700	8,700

Dr.	Suspense A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
	To Different in trial balance		2,050		By Sahu’s A/c		2,000
	To Sales returns A/c		800		By Machinery A/c		450
					By Drawing A/c		400
			2,850				2,850

It is all about Question 40 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