Question No 16 Chapter No 10 - Unimax 11 Class

Question No 16 Chapter No 10 – Unimax Class 11

Table of Contents

The solution of Question No 16 Chapter No 10 –

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

The Trial Balance of M/s Gupta and sons shows a difference of ₹ 52,200. To prepare the final A/c on 31st march 2020, this difference is placed in a suspense A/c. afterward the following errors were disclosed. Pass necessary entries to rectify them and show the suspense A/c.
(1) The total of purchases book had been under casted by ₹ 20,000.
(2) A cheque received from Vasudev for ₹ 7,800 had been debited in the cash book but not posted in Vasudev’s personal A/c.
(3) The return outward book had been admitted ted by ₹ 10,000.
(4) Goods returned by Yash Pal worth ₹ 15,000 have been entered in return outward book. However, Yash Pal’s A/c is correctly posted.

The solution of Question No 16 Chapter No 10 –

Journal

Date	Particulars		L.F.	Debit	Credit

1	Purchases A/c	Dr.		20,000
	To Suspense A/c				20,000
	(Being total purchases book undercast, now rectified)
2	Suspense A/c	Dr.		7,800
	To Vasudev’ A/c				7,800
	(Being cheque received from Vasudev not posted to his a/c, now rectified)
3	Returns outward A/c	Dr.		10,000
	To Suspense A/c				10,000
	(Being return outward book mitted ted, now rectified)

4	Return inward A/c	Dr.		15,000
	Return outward A/c	Dr.		15,000
	To Suspense A/c				30,000
	(Being goods returned by Yash Pal entered in returns outwards book, now rectified)

It is all about Question 16 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

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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

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

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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 16 Chapter No 10 – Unimax 11 Class

The solution of Question No 16 Chapter No 10 –

Journal

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

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