Question No 15 Chapter No 17 - T.S. Grewal 11 Class

Question No 15 Chapter No 17

15.Rectify the following errors:
(i) Sales to Vinod of 143 posted to his account as 134.
(ii) Sales to Vinod of 143 debited to his account as 134.
(iii) Sales to Vinod of 143 credited to his account as 134.

The solution of Question No 15 Chapter No 16:-

Date	Particulars		L.F.	Debit	Credit
i	Vinod A/c	Dr.		9
	To Suspense A/c				9
	(Being Rs 9 was posted less in Vinod’s Account, now rectified)
ii	Vinod A/c	Dr.		9
	To Suspense A/c				9
	(Being Vinod’s Account was wrongly debited with Rs 9 less, now rectified)
iii	Vinod A/c	Dr.		277
	To Suspense A/c				277
	(Being Sales to Vinod of Rs 143 was wrongly credited as Rs 134, now rectified)

Error Rectification in accounting – Explanation with examples

Thanks, Please Like and share with your friends

Advertisement-X

Comment if you have any question.

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