Question No 16 Chapter No 16 - USHA Publication 11 Class

Question No 16 Chapter No 16

Table of Contents

The solution of Question No 16 Chapter No 16:-

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

Error in two Accounts with same Account

16. The undermentioned errors are found in the books of M/s Good luck company before closing their books for the years 2019-20.you are requited to rectify these error

Repair to machinery Rs 360were debited to machinery account Rs 630
Discount Rs 250 allowed by Hira lal was not posted to discount account but posted to the debit of hira lal with Rs 520
Goods sold to Pritam amounting to Rs 1,371 were recoded in the sale returns book as Rs 1,731. however, Pritam has been correctly debited with Rs 1,371
Sale of machinery Rs 6,600 was wrongly credited to sale account Rs 6,006
A purchase of Rs 400 from Balwabt Rai was entered in the sale book with Rs 40 only
However, Balwant Rai was credited correctly
Wages paid Rs 1,5550 on the installation of plant was debited to wages account Rs 1,505

The solution of Question No 16 Chapter No 16:-

(a)	The repair account should be debited with Rs 360. Machinery account should be credit with Rs 630

(b)	Discount allowed account should be credited with Rs 25, Hira Lal account should be credited with Rs 27

(c)	The sale account should be debited with Rs 1,371, sale return account should be credited with Rs 1,731

(d)	The sale account should be debited with Rs 6,006, machinery account should be credited with Rs 6,600

(e)	Purchases account should be debited with Rs 400, sale account should be debited with Rs 40

(f)	Plant account should be debited with Rs 1,550, wages account should be credited with Rs 1,550