Question No 04 Chapter No 16

Question No 04 Chapter No 16

Rectification Before the preparation of the trial balance

04. Rectify the following errors which are detected before preparing the trial balance:

  1. Sales books are undercast by Rs 1,200
  2. Purchases book is overcast by Rs 800
  3. Bills receivable book was undercast by Rs 100
  4. Bills payable book was undercast by Rs 650
  5. Return inwards book was overcast by RS 1,800
  6. Return outward book was undercast by Rs 2,100
  7. Sale book is overcast by Rs 350

The solution of Question No 04 Chapter No 16:-

(a)Sale account should be credited now by Rs 1,200
(b)Purchases account should be credit now Rs 800
(c)Bill receivable account should be credit by Rs 100
(d)Bill payable account should be credited by Rs 650
(e)Return inward account should be credit with Rs 1,800
(f)Return outward account should be credited with Rs 2,100
(g)Sales account should be debited with Rs 350

Error Rectification in accounting – Explanation with examples

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

Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution

Chapter No. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting 

Chapter No. 3 – Origin of Transactions

Chapter No. 4 – Vouchers and transactions

Chapter No. 5 – Journal

Chapter No. 6 – Accounting for Goods and Services Tax(GST)

Chapter No. 7 – Ledger

Chapter No. 8 – Cash Book

Chapter No. 9 – Other Subsidiary Books

Chapter No. 10 – Journal Proper

Chapter No. 11 – Trial Balance

Chapter No. 12 – Bank Reconciliation Statement

Chapter No. 13 – Depreciation

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)

Chapter No. 18 – Financial Statements – (With Adjustments)

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