Question No 10 Chapter No 16 - USHA Publication 11 Class

Question No 10 Chapter No 16

Error in two Accounts with same Account

10. Pass journal entries to rectify the following errors:

A purchase of machinery for Rs 4,900 was recorded in the purchases book
Goods returned to Kashmiri Lal for Rs 1,550 were recorded in returns outward book Rs 1,505
A cash sales of Rs 480 is omitted from the book
Old furniture sold of Rs 800 has been credited to the sale account
A purchase of Scientific equipment’s Rs 2,900 was recorded in the purchased account
A camera purchased for Rs 4,000 for a gift to son-in-law was debited to office expenses account
Salary paid Rs 1,800 to Chanan Singh has been debited to his personal account
A credit purchase of goods amounting to Rs 250 from Chanchal Singh has not been entered in the purchases book, but the payment made later on has been debited to his personal account

Journal
Date	Particulars		L.F.	Debit	Credit

(a)	Machinery A/c	Dr.		4,900
	To Purchases A/c				4,900
	(Being purchase of machinery wrongly debited to purchases account now corrected.)

(b)	Kashmiri Lal A/c	Dr.		45
	To Return outward A/c				45
	(Being return of Rs 1,550 wrongly recorded Rs 1,505 now corrected.)

(c)	Cash A/c	Dr.		480
	To Sale A/c				480
	(Being cash sale omitted, now recorded.)

(d)	Sale A/c	Dr.		800
	To Furniture A/c				800
	(Being sale of equipment wrongly debited to purchases account, now corrected.)

(e)	Equipment A/c	Dr.		2,900
	To Purchases A/c				2,900
	(Being purchase of equipment wrongly debited to purchases account now corrected.)

(f)	Drawing A/c	Dr.		4,000
	To Office expenses A/c				4,000
	(Being personal expenses wrongly debited to purchases account now corrected)

(g)	Salary A/c	Dr.		1,800
	To Prabhjot A/c				1,800
	(Being salary wrongly debited to personal account.)

(h)	Purchases A/c	Dr.		250
	To Ansari A/c				250
	(Being goods purchased not recorded previously, corrected.)

Error Rectification in accounting – Explanation with examples

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Chapter No. 4 – Journal

Chapter No. 5 – Ledger

Chapter No. 6 – Cash Book

Chapter No. 7 – Other Subsidiary Books

Chapter No. 8 – Journal Proper

Chapter No. 9 – Trial Balance

Chapter No. 10 – Bank Reconciliation Statement

Chapter No. 11 – Depreciation

Chapter No. 12 – Provisions and Reserves

Chapter No. 13 – Bills of Exchange

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Chapter No. 14 – Rectification of Errors

Chapter No. 15 – Financial Statements – (Without Adjustments)

Chapter No. 16 – Financial Statements – (With Adjustments)

Question No 10 Chapter No 16 – USHA Publication 11 Class