Question No 06 Chapter No 16

Question No 06 Chapter No 16

Rectification Before the preparation of the trial balance
Single Account Errors

06. Rectify the following errors

  1. Opening balance of furniture Rs 8,150 omitted to be brought forward.
  2. Opening balance of furniture Rs 8,150 brought forward as Rs 5,180.
  3. Opening Balance of furniture Rs 8,150 brought forward as Rs 18,510.
  4. Opening balance of furniture Rs 8,150 brought forward to the credit of this account.
  5. 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)



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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