Question No 14 Chapter No 10 - Unimax 11 Class

Question No 14 Chapter No 10 – Unimax Class 11

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The solution of Question No 14 Chapter No 10 –

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

Correct the following errors:
(1) A sale of ₹ 300 was made to X and entered correctly in the sales book, but posted to the debit of Y as ₹ 30.
(2) The returns inward book includes an item of ₹ 150 which has been posted to the debit of a customer.
(3) ₹ 350 spent for repair of building has been debited to building account.
(4) Furniture worth ₹ 500 purchases from X on credit omitted to be recorded in the books.
(5) The total if returns inward book was added ₹ 200 instead of ₹ 250.
(6) Sales book was overcast by ₹ 500.
(7) A sales of old machinery amounting to ₹ 600 has been credited to sales account.

The solution of Question No 14 Chapter No 10 –

Journal

Date	Particulars			L.F.	Debit	Credit

1	X’s A/c	Dr.			300
	To Suspense A/c					300
	(Being sales to X’s of ₹ 300 debited to Y’s a/c as ₹ 30, now rectified)
2	Suspense A/c	Dr.			300
	To Customer’s A/c					300
	(Being return inward book include an item of ₹ 150 posted to Dr. of a customer, now rectified)
3	Repair A/c	Dr.			350
	To Building A/c					350
	(Being repair of building has been debited to building a/c, now rectified)

4	Furniture A/c	Dr.			500
	To X’s A/c					500
	(Being furniture purchases from X omitted to be recorded, now rectified)

5	Returns inward A/c	Dr.			2,000
	To Suspense A/c					2,000
	(Being returns inward book added ₹ 200 instead of ₹250, now rectified)

6	Sales A/c	Dr.			500
	To Suspense A/c					500
	(Being sales book overcast, now rectified)

7	Sales A/c		dr.		600
	To Machinery A/c					600
	(Being sales of old machinery credited to sales a/c, now rectified)

It is all about Question 14 Chapter 10 of Class 11 unimax, If you have any problem please comment below.

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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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

Question No 14 Chapter No 10 – Unimax 11 Class

The solution of Question No 14 Chapter No 10 –

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

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