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)

	₹		₹
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

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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

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Part-III