Problem No 1 Chapter No 10 – Unimax 11 Class

Problem-No-1-Chapter-No-10-Unimax-11

Problem No 1 Chapter No 10 – Unimax Class 11

Free Accounting book Solution - Class 11 and Class 12

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

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 

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