Question No 05 Chapter No 17 – T.S. Grewal 11 Class

Question No 05 Chapter No 17

5.Which of the following errors will affect the Trial Balance?
(i) The total of the Sales Book has not been posted to the Sales Account.
(ii) 1,000 paid as installation charges of a new machine has been debited to Repairs Account.
(iii) Goods costing 4,000 taken by the proprietor for personal use have been debited to Debtors’ Account.
(iv) 1,000 paid for repairs to building have been debited to Building Account.

The solution of Question No 05 Chapter No 16:-

(i) The total of the Sales Book has not been posted to the Sales Account

The total of the Sale Book has not been posted to the sale Account will affect the Trial balance because the total balance of the Sale account will be undercast

(ii) 1,000 paid as installation charges of a new machine has been debited to Repairs Account.

The entry will have no effect on trial balance because Debit amount has been already Debited to the Trail Balance but with the wrong account it has been debited to Repair account instead of Machinery account

(iii) Goods costing 4,000 taken by the proprietor for personal use have been debited to Debtors’ Account.

The entry will have no effect on trial balance because Debit amount has been already Debited to the Trail Balance but with the wrong account it has been debited to Debtors’ account instead of Drawing account

(iv) 1,000 paid for repairs to building have been debited to Building Account.

The entry will have no effect on trial balance because Debit amount has been already Debited to the Trail Balance but with the wrong account it has been debited to Building account instead of Repair account

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

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