Question No 12 Chapter No 17 - T.S. Grewal 11 Class

Question No 12 Chapter No 17

12.Rectify the following errors:
(i) Total of one page of the Sales Book was carried forward to the next page as 2,785 instead of 2,587.
(ii) A cheque of 400 received from Mohan was dishonoured and had been posted to the debit side of the ‘Allowance Account’.
(iii) Return of goods worth 5,000 by a customer was entered in the Purchases Return Book.
(iv) Sum of 200 owed by ‘X’ has been included in the list of Sundry Creditors.
(v) Sale of old furniture worth 430 was credited to the Sales Account as 340.

The solution of Question No 12 Chapter No 16:-

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Date	Particulars		L.F.	Debit	Credit
i	Sales A/c	Dr.		198
	To Suspense A/c				198
	(Being Carry forwarding Rs 2,785 instead of Rs 2,587, now rectified))
ii	Mohan A/c	Dr.		400
	To Allowance A/c				400
	(Being A Cheque received from Mohan was dishonoured but debited wrongly to Allowance’s Account, now rectified)
iii	Sale Return A/c	Dr.		5,000
	Purchases Return A/c	Dr.		5,000
	To Customer / Debtor				10,000
	(Being Goods return by a customer was recorded wrongly to Purchase Return Book, now rectified)
iv	Sundry Creditors	Dr.		200
	Sundry Debtors	Dr.		200
	To X A/c				400
	(Being Amount owed by X was included in Sundry Creditors, now rectified)
v	Sales A/c	Dr.		340
	Suspense A/c	Dr.		90
	To Furniture A/c				430
	(Being Sale of Old furniture Rs 430 was wrongly debited to Sales Account for Rs 340, 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

Check out T.S. Grewal +1 Book 2019 @ Official Website of Sultan Chand Publication

T.S. Grewal’s Double Entry Book Keeping

Question No 12 Chapter No 17 – T.S. Grewal 11 Class

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