Question No 02 Chapter No 17 - T.S. Grewal 11 Class

Question No 02 Chapter No 17

2. How will be the following errors rectified?
(i) Sales Book is short cast by 5,000.
(ii) Sales Return Book is short cast by 500.
(iii) Balance of Sales Book is carried forward short by 1,000.
(iv) Balance of Sales Return Book is carried forward short by 100.

The solution of Question No 02 Chapter No 16:-


Date	Particulars		L.F.	Debit	Credit
i	Suspense A/c	Dr.		5,000
	To Sales A/c				5,000
	(Being Sales book was under cast by Rs 5,000, now rectified)
ii	Sales Return A/c	Dr.		500
	To Suspense A/c				500
	(Being Sales return book was under cast by Rs 500, now rectified)
iii	Suspense A/c	Dr.		1,000
	To Sales A/c				1,000
	(Being Sales book’ balance carried forward was short by Rs 1,000, now rectified)
iv	Sales Return A/c	Dr.		100
	To Suspense A/c				100
	(Being Sales return book’ balance carried forward was short by Rs 100, now rectified)

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Error Rectification in accounting – Explanation with examples

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Also, Check out the solved question of previous Chapters: –

- Chapter No. 1 – Introduction to Accounting
- Chapter No. 2 – Basic Accounting Terms
- Chapter No. 3 – Theory Base of Accounting, Accounting Standards and International Financial Reporting Standards(IFRS)
- Chapter No. 4 – Bases of Accounting
- Chapter No. 5 – Accounting Equation
- Chapter No. 6 – Accounting Procedures – Rules of Debit and Credit
- Goods and Services Tax(GST)
- Chapter No. 7 – Origin of Transactions – Source Documents and Preparation of Vouchers
- Chapter No. 8 – Journal
- Chapter No. 9 – Ledger
- Chapter No. 10 – Special Purpose Books I – Cash Book
- Chapter No. 11 – Special Purpose Books II – Other Books
- Chapter No. 12 – Bank Reconciliation Statement
- Chapter No. 13 – Trial Balance
- Chapter No. 14 – Depreciation
- Chapter No. 15 – Provisions and Reserves
- Chapter No. 16 – Accounting for Bills of Exchange
- Chapter No. 17 – Rectification of Errors
- Chapter No. 18 – Financial Statements of Sole Proprietorship
- Chapter No. 19 – Adjustments in preparation of Financial Statements
- Chapter No. 20 – Accounts from incomplete Records – Single Entry System
- Chapter No. 21 – Computers in Accounting
- Chapter No. 22 – Accounting Software – Tally
- Chapter No. 5 – Accounting Equation
- Chapter No. 6 – Accounting Procedures – Rules of Debit and Credit
- Goods and Services Tax(GST)
- Chapter No. 8 – Journal
- Chapter No. 9 – Ledger
- Chapter No. 10 – Special Purpose Books I – Cash Book