Question No 06 Chapter No 16
Rectification Before the preparation of the trial balance
Single Account Errors
06. Rectify the following errors
- Opening balance of furniture Rs 8,150 omitted to be brought forward.
- Opening balance of furniture Rs 8,150 brought forward as Rs 5,180.
- Opening Balance of furniture Rs 8,150 brought forward as Rs 18,510.
- Opening balance of furniture Rs 8,150 brought forward to the credit of this account.
- Opening balance of furniture Rs 8,150 brought forward to the credit of this account as Rs 1,580.
The solution of Question No 06 Chapter No 16:-
| (a) | Furniture account should now be debited with Rs 8,150 |
| (b) | Furniture account should now be debited with Rs 2,970 (8,150-5,180) |
| (c) | Furniture account should now be credited with Rs 10,360 (18,510-8,150) |
| (d) | Furniture account should be debited with Rs 16,300 (8,150 + 8,150) |
| (e) | Furniture account should be debited with Rs 9,730 (8,150 + 1,580) |
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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)