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
- Chapter No. 1 – Introduction of Accounting
- Chapter No. 2 – Theory Base of Accounting
- Chapter No. 3 – Vouchers and Transactions
- Chapter No. 4 – Journal
- Chapter No. 5 – Goods and Services Tax (GST): An Introduction
- Chapter No. 6 – Ledger
- Chapter No. 7 – Special Purpose Book – Cash Book
- Chapter No. 8 – Other Subsidiary Books
- Chapter No. 9 – Trial Balance
- Chapter No. 10 – Rectification of Errors
- Chapter No. 11 – Depreciation
- Chapter No. 12 – Provision and Reserves
- Chapter No. 13 – Bank Reconciliation Statement
- Chapter No. 14 – Bills of Exchange
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