Problem No 1 Chapter No 10 – Unimax Class 11
Table of Contents
Pass the entries to rectify the following errors:
1. Goods costing ₹ 1,000 have been purchases on credit from Sohan, but no entry has been made in the books, although the goods were taken into stock. |
2. Goods amounting to ₹ 4,000 have been sold on credit, but no entry has been made in the books. |
3. No entry has been made for purchases return of ₹ 200. |
4. No entry has been made for sales return of ₹ 450. |
5. Goods purchases from Ramesh Chandra on credit for ₹ 5,000 was recorded in purchases book as ₹ 500. |
6. Sales of ₹ 600 to Siya Ram were recorded as ₹ 60 in the sales book. |
7. Goods purchases on credit from Pawan for ₹ 400 was recorded as ₹ 4,000 in purchases book. |
The solution of Problem No 1 Chapter No 10 –
S. No. | Particulars | L.F. | Debit | Credit | |
1 | Purchases A/c | Dr. | 1,000 | ||
To Sohan’s A/c | 1,000 | ||||
(Being purchases goods on credit from Sohan, not recorded in the books earlier, now rectified) | |||||
2 | Customer’s A/c | Dr. | 4,000 | ||
To Sales A/c | 4,000 | ||||
(Being sold on credit, but no entry has been made in the books, now rectified) | |||||
3 | Supplier A/c | Dr. | 200 | ||
To purchase return A/c | 200 | ||||
(Being goods return to the supplier not recorded in the books, now rectified) | |||||
4 | Sales return A/c | Dr. | 450 | ||
To Customer’s A/c | 450 | ||||
(Being goods returned by customer not recorded in the books, now rectified) | |||||
5 | purchases A/c | Dr. | 4,500 | ||
To Ramesh A/c | 4,500 | ||||
(Being purchase of goods under recorded in purchases books, now rectified) | |||||
6 | Siya A/c | Dr. | 540 | ||
To Sales A/c | 540 | ||||
(Being sales of goods under recorded in sales books, now rectified) | |||||
7 | Purchases A/c | Dr. | 3,600 | ||
To Purchase A/c | 36,000 | ||||
(Being purchases of goods over recorded in purchases book, now rectified) |
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
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- 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
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