Question No 06 Chapter No 17 – T.S. Grewal 11 Class

Question No 06 Chapter No 17

Question No 06 Chapter No 17

6.Rectify the following errors:
(i) The Sales Book of December was added short by 500.
(ii) A periodical total of the Purchases Book was cast short by 5,000.
(iii) The total of Purchases Return Book has been undercast by 1,500.
(iv) The Sales Return Book is added 200 short.

 

The solution of Question No 06 Chapter No 16:-




Date   Particulars
L.F. Debit Credit
i Suspense A/c Dr.   500  
  To Sales A/c       500
  (Being Sales Book was added short, now rectified)        
ii Purchases A/c Dr.   5,000  
  To Suspense A/c       5,000
  (Being Purchases Book was undercast, now rectified)        
iii Suspense A/c Dr.   1,500  
  To Purchases Return A/c       1,500
  (Being Purchases Return Book was cast short now rectified)        
iv Sales Return A/c Dr.   200  
  To Suspense A/c       200
  (Being Sales Return Book was undercast now rectified)        

 

 

 

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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T.S. Grewals Double Entry Book Keeping - Question No 06 Chapter No 17 - T.S. Grewal 11 Class

T.S. Grewal’s Double Entry Book Keeping

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