Question No 14 Chapter No 16

Question No 14 Chapter No 16

Error in two Accounts with same Account

14. Pass journal entries to rectify the following errors:

  1. A sale of goods for Rs 2,400 to Kewal was wrongly entered in the purchases book
  2. Goods purchases from Harminder Singh for Rs 3,000 were recorded in the sale book
  3. Sale return of Rs 2,550 from Naveen was recorded in return inward book
  4. Goods of Rs 1,900 returned to Charanjit Kaur were recorded in the returns inward book
  5. An acceptance of Rs 2,000 received from Manjinder was wrogly recorded in the bills payable book
  6. An acceptance of Rs 1,700 to Hari was recorded I the bill receivable book
  7. 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


The Content covered in this article:

The solution of Question No 14 Chapter No 16:-

Date  Particulars
(a)Kewal A/cDr. 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/cDr. 3,000 
 Purchases A/cDr. 3,000 
 To Harminder Singh A/c   6,000
 (Being purchases of goods wrongly treated as sale now corrected.)    
(c)Sale Return A/cDr. 2,550 
 Purchases Return A/cDr. 2,550 
 To Rent A/c   5,100
 (Being return inward wrongly treated as retune outwards now corrected.)    
(d)Charanjit Kaur A/cDr. 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/cDr. 2,000 
 Bill Receivable A/cDr. 2,000 
 To Manjinder A/c   4,000
 (Being personal expenses wrongly treated as business expenses now corrected.)    
(f)Hari A/cDr. 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/cDr. 1,000 
 To Material used A/c   800
 To Wages A/c   200
 (Being tolls manufactured in factory)    

Error Rectification in accounting – Explanation with examples

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Also, Check out the solved question of all Chapters: –

Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution

Chapter No. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting 

Chapter No. 3 – Origin of Transactions

Chapter No. 4 – Vouchers and transactions

Chapter No. 5 – Journal

Chapter No. 6 – Accounting for Goods and Services Tax(GST)

Chapter No. 7 – Ledger

Chapter No. 8 – Cash Book

Chapter No. 9 – Other Subsidiary Books

Chapter No. 10 – Journal Proper

Chapter No. 11 – Trial Balance

Chapter No. 12 – Bank Reconciliation Statement

Chapter No. 13 – Depreciation

Chapter No. 14 – Provisions and Reserves 

Chapter No. 15 – Bills of Exchange

Chapter No. 16 – Rectification of Errors 

Chapter No. 17 – Financial Statements – (Without Adjustments)

Chapter No. 18 – Financial Statements – (With Adjustments)

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