Question No 6 Chapter No 10 - Unimax 11 Class

Question No 6 Chapter No 10 - Unimax Class 11

The Trial balance of a firm on 31st December 2019 has agreed. The following errors were subsequently discovered:
(1) On 31st December 2019, goods of the value of ₹ 376 were returned by Ram Saran and were taken into stock on the same date but no entry was passed in the books.
(2) An amount of ₹ 236 due from Lalta Prasad which had been written off as a debt in a previous year was unexpectedly recovered and had been posted to the personal account of Lalta Prasad.
(3) New machinery costing ₹ 1,115 purchased during the year had been entered in the purchases book and duly posted to purchases account.
(4) Repairs to plant amounting to ₹ 567 had been charged to plant and machinery account.
(5) A cheque of ₹ 128 received from Farid Alam was dishonoured and had been posted to the debit of sales return account. Give rectifying journal entries.

The solution of Question No 6 Chapter No 10 -

Journal

Date	Particulars		L.F.	Debit	Credit
2019
Dec.31
1	Sales return A/c	Dr.		376
	To Ram Saran’s A/c				376
	(Being goods return by Ram Saran but not recorded in a book, now rectified)
2	Lalta Prasad’s A/c	Dr.		236
	To Bad debts recovers A/c				236
	(Being due from Lalta Prasad written off as bad debts last year, unexpectally recovered, posted to his personal a/c, now rectified)
3	Machinery A/c	Dr.		1,155
	To Purchases A/c				1,155
	(Being new machinery purchase posted to purchases a/c, now rectified)
4	Repairs A/c	Dr.		567
	To Plant & machinery A/c				567
	(Being repair on plant & Machinery posted to plant & Machinery a/c, now rectified)
5	Farid Alam’s A/c	Dr.		128
	To sales returns A/c				128
	(Being Farid Aam’s cheque dishonoured and debited to sales returns a/c, now rectified)

It is all about Question 6 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