Question No 14 Chapter No 16 - USHA Publication 11 Class

Question No 14 Chapter No 16

Table of Contents

Error in two Accounts with same Account

14. Pass journal entries to rectify the following errors:

A sale of goods for Rs 2,400 to Kewal was wrongly entered in the purchases book
Goods purchases from Harminder Singh for Rs 3,000 were recorded in the sale book
Sale return of Rs 2,550 from Naveen was recorded in return inward book
Goods of Rs 1,900 returned to Charanjit Kaur were recorded in the returns inward book
An acceptance of Rs 2,000 received from Manjinder was wrogly recorded in the bills payable book
An acceptance of Rs 1,700 to Hari was recorded I the bill receivable book
Material from stones used Rs 800 and wages Rs 200 had been paid in making tools and equipment’s for use in own factory but no adjustment was made in the book

Journal
Date	Particulars		L.F.	Debit	Credit

(a)	Kewal A/c	Dr.		4,800
	To Sale A/c				2,400
	To Purchases A/c				2,400
	(Being sale of goods wrongly tarted as purchase now corrected.)

(b)	Sale A/c	Dr.		3,000
	Purchases A/c	Dr.		3,000
	To Harminder Singh A/c				6,000
	(Being purchases of goods wrongly treated as sale now corrected.)

(c)	Sale Return A/c	Dr.		2,550
	Purchases Return A/c	Dr.		2,550
	To Rent A/c				5,100
	(Being return inward wrongly treated as retune outwards now corrected.)

(d)	Charanjit Kaur A/c	Dr.		3,800
	To Sale Return A/c				1,900
	To Purchases Return A/c				1,900
	(Being return outward wrongly treated as retune inwards now corrected.)

(e)	Bill Payable A/c	Dr.		2,000
	Bill Receivable A/c	Dr.		2,000
	To Manjinder A/c				4,000
	(Being personal expenses wrongly treated as business expenses now corrected.)

(f)	Hari A/c	Dr.		3,400
	To Bill Receivable A/c				1,700
	To Bill Payable A/c				1,700
	(Being B/P wrongly treated as B/R now corrected.)

(g)	Tools and Equipment A/c	Dr.		1,000
	To Material used A/c				800
	To Wages A/c				200
	(Being tolls manufactured in factory)