Problem No 3 Chapter No 10 - Unimax 11 Class

Problem No 3 Chapter No 10 – Unimax Class 11

Table of Contents

The solution of Problem No 3 Chapter No 10 –

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

The books of Gupta & sons could not be tallied. The accountant transferred the difference of ₹ 2,200 in the suspense account on the debit side. The following mistakes were found later on.

1. Purchases of ₹ 1,100 from Varun was entered into sales book but his personal account was rightly credited.

2. A purchases of ₹ 1,430 from Ram was credited to his account as ₹ 1,340.

3. Sales of old furniture of ₹ 2,540 was credited to sales account as ₹ 2,450.

4. Goods worth ₹ 400 were taken by the proprietor for his personal use was not recorded in the books.

5. Sales of ₹ 1,296 to Amita was entered in sales books as ₹ 1,269.

6. Sales returns books balances of ₹ 210 was wrongly included as purchases return balance.

The solution of Problem No 3 Chapter No 10 –

Journal
S. No.	Particulars			L.F.	Debit	Credit

1	Purchases A/c	Dr.			1,100
	Sales A/c	Dr.			1,100
	To Suspense A/c					2,200
	(Being purchase from Varun entered in his a/c as ₹ 1,340, now rectified)
2	Suspense A/c	Dr.			90
	To Ram’s A/c					90
	(Being purchases from Ram ₹ 1,420 entered in his a/c, now rectified)
3	Sales A/c	Dr.			2,450
	Suspense A/c	Dr.			90
	To Furniture A/c					2,540
	(Being sales of furniture credited to sales book and with wrong amount, now rectified)

4	Drawing A/c	Dr.			400
	To Purchases A/c					400
	(Being goods withdrawn by proprietor omitted to be recorded, now rectified)

5	Amita’s A/c	Dr.			27
	To Sales A/c					5,000
	(Being sales to Amit of ₹ 1,296 recorded in sales book as ₹ 1,296, now rectified)

6	Sales returns A/c		Dr.		210
	Purchases returns A/c		Dr.		210
	To Suspense A/c					420
	(Being sales return balance wrongly included as purchases returns, now rectified)

Dr.	Suspense A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
	To balance b/d		2,200		By purchases A/c		1,100
	To Ram’s A/c		90		By Sales A/c		1,100
	To furniture A/c		90		By Sales return A/c		210
	To Balance c/d				By purchases return A/c		210
			2,620				2,620
					To balance b/d		240

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

Problem No 3 Chapter No 10 – Unimax 11 Class

The solution of Problem No 3 Chapter No 10 –

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

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