Question No 02 Chapter No 16 – USHA Publication 11 Class

Question No 02 Chapter No 16

Question No 02 Chapter No 16

Identification of Errors

02. Show the effect of following errors on the trial balance of Rajinder Singh:

  1. Purchases book was overcast by Rs 300
  2. Salaries account was undercast by Rs 1,000
  3. A sum of Rs 1,300 was not posted to Stationery Account
  4. Discount allowed Rs 50 to a customer was credited twice to Customer account
  5. Rs 900 loss on account of bad debts posted to the debit of customer account
  6. Sale of old newspaper Rs 80 wrongly recorded in sale account
  7. Wages paid Rs 150 wrongly posted to purchases account
  8. 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 100
   
(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 total
   
(g) This error will not affect the trial balance total
   
(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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Also, Check out the solved question of all Chapters: –

Chapter No. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting 

Chapter No. 3 – Vouchers and transactions

Chapter No. 4 – Journal

Chapter No. 5 – Ledger

Chapter No. 6 – Cash Book

Chapter No. 7 – Other Subsidiary Books

Chapter No. 8 – Journal Proper

Chapter No. 9 – Trial Balance 

Chapter No. 10 – Bank Reconciliation Statement

Chapter No. 11 – Depreciation

Chapter No. 12 – Provisions and Reserves 

Chapter No. 13 – Bills of Exchange

Chapter No. 14 – Rectification of Errors 

Chapter No. 15 – Financial Statements – (Without Adjustments)

Chapter No. 16 – Financial Statements – (With Adjustments)

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