Question No 09 Chapter No 17 - T.S. Grewal 11 Class

Question No 09 Chapter No 17

9.Pass the Journal entries rectifying the following errors:
(i) Purchases for 10,000 was omitted to be recorded.
(ii) Purchases of office furniture of 10,000 was recorded in Purchases Book. (iii) Office Rent of 15,000 was debited to the Personal Account of the landlord.
(iv) Old machine was sold for 5,000 was credited to Sales Account.

The solution of Question No 09 Chapter No 16:-

Date	Particulars		L.F.	Debit	Credit
i	Purchases A/c	Dr.		10,000
	To Suspense A/c				10,000
	(Being Purchase of goods worth Rs 10,000 were omitted to be recorded, now rectified)
ii	Furniture A/c	Dr.		10,000
	To Purchases A/c				10,000
	(Being Purchase of office furniture was recorded in purchase book, now rectified)
iii	Rent A/c	Dr.		15,000
	To Landlord’s A/c				15,000
	(Being Office rent of Rs 15,000 was debited to Landlord’s personal account, now rectified)
iv	Sales A/c	Dr.		5,000
	To Machinery A/c				5,000
	(Being Sale of machinery costing Rs 5,000 was credited to Sales A/c, 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