Question No 08 Chapter No 16

Question No 08 Chapter No 16

Rectification Before the preparation of the trial balance
Single Account Errors

08. Accountant of partnership firm requests you to rectify the following errors before the preparation of trial balance

  1. Discount allowed Rs 54 to Manoj Kumar was credited to his account Rs 45
  2. Discounted received Rs 76 from Aarti was credited to her account Rs 67
  3. Sales book total carried forward Rs 250 more on page 10 and Rs 93 more on page 15.
  4. Purchased total carried forward Rs 250 more on page 16 and Rs 315 less on page 19.
  5. Returns inward book total carried forward Rs 170 more on page 7 and again Rs 110 more on page 11
  6. Machinery account was not posted with Rs 3,000
  7. Furniture purchased for Rs 2,500 was posted to credit of this account
  8. Plant purchased for Rs 13,000 was posted to the credit of this account Rs 10,300
  9. Building purchased for Rs 35,000 was posted to this account Rs 53,000

The solution of Question No 08 Chapter No 16:-

(a)Ashok account should now be credited with Rs 9 (i.e. 45-45)
(b)Arti account should now be debited with SR 143 (i.e. 76+67)
(c)Sale account should now be debited with Rs 53 (i.e.93-40)
(d)Purchases account should now be credit with Rs 280(i.e. 315-250)
(e)Return inward account should now be credited with Rs 280(i.e. 170+110)
(f)Machinery account should be debited with Rs 3,000
(g)Furniture account should now be debited with Rs 5,000(i.e.2,500 + 2,500)
(h)Plant account should now be debited with Rs 23,300 (i.e. 1,300 + 10,300)
(i)Building account should be credited now with Rs 18,000 (i.e. 53,000 – 35.000)

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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