Question No 49 Chapter No 17 49. The bookkeeper of a firm found that his Trial Balance was out (excess credit) by 742. He placed the amount in a Suspense Account and subsequently found the following errors: (i) A discount Read More …
Question No 48 Chapter No 17 48. Pass the rectification entries for the following transactions: (i) Repairs to plant amounting to 2,000 had been charged to Plant and Machinery Account. (ii) Wages paid to the firm’s workmen for making certain Read More …
Question No 47 Chapter No 17 47.While trying to close his books for the year ended 31 st March, 2014, Mahesh found that the Trial Balance did not agree. He traced the following errors: (i) In the Sales Book for Read More …
Question No 46 Chapter No 17 46. Rectify the following errors by passing Journal entries: (i) A sum of 470 received from Ganga was posted to her debit as 740. (ii) A debit balance of 550 in the personal account Read More …
Question No 45 Chapter No 17 45.Rectify the following errors by passing Journal entries: (i) Old furniture sold for 500 has been credited to Sales Account. (ii) Machinery purchased on credit from Raman for 2,000 recorded through Purchases Book as Read More …
Question No 44 Chapter No 17 44. Rectify the following errors: (i) The total of one page of Sales Book was carried forward as 371 instead of 317. (ii) 540 received from Yatin was posted to the debit of his Read More …
Question No 43 Chapter No 17 43. Give the Journal entries to rectify the following errors: (i) Purchases Book was overcast by 1,000. (ii) Installation charges on new machinery purchased 500 were debited to Sundry Expenses Account as 50.(iii) Radhey Read More …
Question No 42 Chapter No 17 42. There was a difference in the Trial Balance of M/s. Jain & Sons, prepared for the year ended 31st March, 2009. The accountant put the difference in Suspense Account. The following errors were Read More …
Question No 41 Chapter No 17 41. Rectify the following errors: (i) Sale of old furniture worth 3,000 treated as sales of goods. (ii) Sales Book added 5,000 short. (iii) Rent of proprietor’s residence, 6,500 debited to Rent Account. Read More …
Question No 40 Chapter No 17 40.The Trial Balance of S. Sen did not agree and the difference in books was carried to a Suspense Account. Pass the entries required to rectify the following errors which accounted for the difference. Read More …