Problem No 2 Chapter No 10 - Unimax 11 Class

Problem No 2 Chapter No 10 – Unimax Class 11

Table of Contents

The following errors were detected in the books of Asa Ram & Sons. For the year ended 30^th June,2019:

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1. A builder’s bill for ₹ 2,700 for the erection of a small shed was debited to repairs account.

2. A cost of new vehicle of ₹ 12,600 had been debited to purchase account.

3. Goods of the value of ₹ 150 returned by Chand mal bros. were included in stock, but no entry was made in the books.

4. Repair to plant amounting to ₹ 567 has been charged to plant and machinery account.

5. Wages paid to the firm’s own workmen for making credited additions to machinery amounting to ₹ 5,000 were posted to wages account.

6. A cheque for ₹ 75 received from Lala Ram was credited to the account to Tilak Ram and debited to cash account instead of bank account.

7. A sum of ₹ 100 drawn by the proprietor was debited to traveling expenses account. Give journal entries to correct above errors.

The solution of Question No 2 Chapter No 10: –

Journal
S.No.	Particulars		L.F.	Debit	Credit
Jun-30
1	Building A/c	Dr.		2,700
	To Repairs A/c				2,700
	(Being expenses for erection of a small shed had been wrongly debited to repairs, in place of building a/c, now rectified)
2	Vehicle’s A/c	Dr.		12,600
	To Purchases A/c				12,600
	(Being cost of new vehicle had been debited to purchases a/c, now rectified)
3	Sales return A/c	Dr.		150
	To Chand mal bros. ’s A/c				150
	(Being goods return to Chand mal bros. but not recorded in books, now rectified)

4	Repair A/c	Dr.		567
	To plant & machinery A/c				567
	(Being repaired to plant & machinery had been wrongly charged to plant & machinery a/c, now rectified)

5	Plant & Machinery A/c	Dr.		5,000
	To Wages A/c				5,000
	(Being wages paid-for addition to machinery had been wrongly debited to wages a/c in place of machinery a/c, now rectified)

Read out the full article to know the meaning of Rectification of Errors

Also, Check out the same article in Hindi from the following link

Also, Check out the solved question of all Chapters: –

Part-I

Students may choose only one part from the Part II and Part III

Part-II

Part-III

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