Question No 1 Chapter No 10 – Unimax Class 11

Question No 1 Chapter No 10 - Unimax Class 11
Question No 1 Chapter No 10 - Unimax Class 11

1. Given journal entries to rectify the following errors:

1. ₹ 2,000 paid for furniture purchases has been debited to purchases account.
2. ₹ 3,000 paid to Mohan Lal for salary were debited to his personal account.
3. ₹ 500 paid for proprietor’s medical were debited to ‘Sundry expenses account’.
4. Typewriter purchases for ₹ 7,500 has been wrongly passed through the purchases book.
5. An office table purchases for ₹ 5,000has been passed through invoice book.
6. An amount of ₹ 1,200 spent on annual white-washing was debited to building A/c.
7. ₹ 800 paid for rent wrongly debited to Landlord’s A/c.

The solution of Question No 1 Chapter No 10 –

Journal

Date   Particulars L.F. Debit Credit
2020          
1 Furniture A/c Dr.   2,000  
  To Purchases A/c       2,000
  (Being furniture purchases debited to purchases a/c, now rectified)        
           
2 Salary A/c   Dr.   3,000  
  To Mohan Lal’s A/c       3,000
  (Being salary paid to Mohan Lal debited to his personal a/c, now rectified)        
           
3 Drawing A/c Dr.   500  
  To Sundry expense A/c       500
  (Being expenses of the medical bill of owner debited to sundry expenses a/c, now rectified)        
           
4 Office equipment A/c Dr.   7,500  
  To Purchases A/c       7,500
  (Being typewriter purchases wrongly debited to purchases a/c, now rectified)        
           
5 Furniture A/c  Dr.   5,000  
  To Purchases A/c       5,000
  (Being office table purchases passed through invoice book, now rectified)        
           
6 Building repair A/c Dr.   1,200  
  To Building A/c       1,200
  (Being white-washing debited to building an account, now rectified)         
           
7 Rent A/c Dr.   800  
  To Landlord’s A/c       800
  (Being rent paid wrongly debited to landlord a/c, now rectified)      

This is all about Question No 1 Chapter No 10 – Unimax Class 11

Read out the full article to know the meaning of Rectification of Errors 

Error Rectification in accounting – Explanation with examples

Also, Check out the same article in Hindi from the following link

Error Rectification in accounting – Explanation with examples-in Hindi

Also, Check out the solved question of all Chapters: –

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

Part-I

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Students may choose only one part from the Part II and Part III

Part-II

  • Chapter No. 15 – Financial Statements (Without Adjustments)
  • Chapter No. 16 – Financial Statements (With Adjustments)
  • Chapter No. 17 – Accounts from Incomplete Records –  Single Entry System

Part-III

  • Chapter No. 18 – Introduction to Computers and Accounting information System
  • Chapter No. 19 – Computerised Accounting
  • Chapter No. 20 – Accounting Software: Tally 
  • Chapter No. 21 – Data Base System
  • Chapter No. 22 – Concept of Entity and Relationship 

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