Problem No 4 Chapter No 10 - Unimax 11 Class

Problem No 4 Chapter No 10 – Unimax Class 11

Table of Contents

A bookkeeper while preparing his trial balance find that the total debit side axceeds by ₹ 7,250.

Being desired to prepare the final accounts, he place the difference to a Suspense account. In the next year, the following mistakes were discovered:

(a) A sales of ₹ 4,000 has been passed through the purchases day book. The entry in customer, account has been correctly recorded.

(b) Goods worth ₹ 2,500 taken away by the proprietor for his personal use been debited to repair account.

(d) Salary ₹ 650 paid to a clerk has been debited to his personal a/c.

(e) A purchases of ₹ 750 from Raghubir has been debited to his a/c. purchases a/c has been correctly debited.

(f) A sum of ₹ 2,250 written of as depreciation on furniture has not been debited to depreciation a/c.

Draft the journal entries for rectifying the above mistakes and prepare suspense a/c. also show profit and loss adjustment a/c.

The solution of Problem No 3 Chapter No 10 –

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

(a)	Suspense A/c	Dr.			8,000
	To P & L adjustment A/c					8,000
	(Being sales passed through purchases book, now rectified)
(b)	Drawing A/c	Dr.			2,500
	To P & L adjustment A/c					2,500
	(Being goods taken by proprietor wrongly debited to repairs a/c, now rectified)
(c)	Krishna A/c	Dr.			1,300
	To Bill receivable A/c					1,300
	(Being bills receivable of Krishna has been dishonoured but no entry is passed, now rectified)

(d)	P & L adjustment A/c	Dr.			650
	To Clerk A/c					650
	(Being salary paid to clerk, debited to his personal a/c, now rectified)

(e)	Suspense A/c	Dr.			1,500
	To Raghubir’s A/c					1,500
	(Being goods purchases from Raghubir posted to Dr. of his a/c, now rectified)

(f)	P & L adjustment A/c		Dr.		2,250
	To Suspense A/c					2,250
	(Being depreciation on furniture has not been debited to depreciation a/c, now rectified)

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	₹		₹
To Clerk A/c	650	By Suspense A/c	8,000
To Suspense A/c	2,250	By Drawing A/c	2,500
To Balance being profit transferred to capital A/c	7,600

	10,500		10,500

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

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Part-II

Part-III