Problem No 3 (II) Chapter No 10 - Unimax 11 Class

Problem No 3 (II) Chapter No 10 – Unimax Class 11

Table of Contents

The solution of Problem No 3 (II) Chapter No 10 –

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

The bookkeeper finds a difference of ₹ 660 while preparing a trial balance. The difference was place on credit side of Suspense A/c. errors was subsequently discovered. Pass journal entries to rectify the following errors and Suspense A/c.

1. sales amount ₹ 200 has been posted to purchases A/c.

2. goods sold to Ram ₹ 1,100 and Mohan 1,500 were recorded in sales book as sales to Ram ₹ 1,500 and Mohan ₹ 1,100.

3. Goods returned by Mohan ₹ 840 was recorded in the sales book.

4. An amount spent ₹ 500 as repair on old plant purchases stands debited to Repair A/c.

5. Goods return to Krishna ₹ 530 was recorded in the purchases book, however, the account of Krishna was correctly debited.

6. Ashok owed us ₹ 400 has been included in creditors.

The solution of Problem No 3 (II) Chapter No 10 –

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

1	Suspense A/c	Dr.			400
	To Sales A/c					200
	To Purchases A/c					200
	(Being sales posted to purchases A/c, now rectified)

2	Mohan’s A/c	Dr.			400
	To Ram’s A/c					400
	(Being sales to Ram & Mohan of ₹ 1,100 and ₹ 1,500 respectively but amount recorded inter changebly, now rectified)

3	Sales returns A/c	Dr.			840
	Sales A/c	Dr.			840
	To Mohan’s A/c					1,680
	(Being goods returned by Mohan wrongly entered in sales book, now rectified)

4	Plant A/c	Dr.			500
	To Repair A/c					500
	(Being paid for repair of old plant purchases debited to repair a/c, now rectified)

5	Suspense A/c	Dr.			1,060
	To Purchases A/c					530
	To Purchases return A/c					530
	(Being goods return to Krishna, recorded in purchases book, now rectified)

6	Sundry Debtors A/c		Dr.		400
	Sundry creditors A/c		Dr.		400
	To Suspense A/c					800
	(Being owned by Ashok entered in S. creditors, now rectified)

Dr.	Suspense A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
	To Sales A/c		200		By Balance c/d		660
	To Purchases A/c		200		By Sundry Debtors A/c		400
	To Purchases A/c		530		By Sundry Creditors A/c		400
	To Purchases return A/c		530

			1,460				1,460

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 (II) Chapter No 10 – Unimax 11 Class

The solution of Problem No 3 (II) Chapter No 10 –

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

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