Question No 02 Chapter No 16
Identification of Errors
02. Show the effect of following errors on the trial balance of Rajinder Singh:
- Purchases book was overcast by Rs 300
- Salaries account was undercast by Rs 1,000
- A sum of Rs 1,300 was not posted to Stationery Account
- Discount allowed Rs 50 to a customer was credited twice to Customer account
- Rs 900 loss on account of bad debts posted to the debit of customer account
- Sale of old newspaper Rs 80 wrongly recorded in sale account
- Wages paid Rs 150 wrongly posted to purchases account
- Goods worth Rs 700 returned by Suman were taken into Stock, but the entry for returns omitted from the books.
The solution of Question No 02 Chapter No 16:-
| (a) | Debit side total of trial balance will increase by Rs 300 |
| (b) | Debit side of trial balance total will be reduced by Rs 1000 |
| (c) | Debit side total of the trial balance is reduced by Rs 1,300. |
| (d) | Debit side total of the trial balance is reduced by Rs 50 |
| (e) | Debit side total of the trial balance is increased by Rs 1,800 |
| (f) | This error will not affect the trial balance totals |
| (g) | This error will not affect the trial balance totals |
| (h) | This error will reduce the total of both side of the trial balance to Rs 700 |
Error Rectification in accounting – Explanation with examples
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Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution
Chapter No. 2 – Theory Base of Accounting
Chapter No. 3 – Origin of Transactions
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Chapter No. 4 – Vouchers and transactions
Chapter No. 6 – Accounting for Goods and Services Tax(GST)
Chapter No. 9 – Other Subsidiary Books
Chapter No. 10 – Journal Proper
Chapter No. 11 – Trial Balance
Chapter No. 12 – Bank Reconciliation Statement
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Chapter No. 14 – Provisions and Reserves
Chapter No. 15 – Bills of Exchange
Chapter No. 16 – Rectification of Errors
Chapter No. 17 – Financial Statements – (Without Adjustments)