Question No 18 Chapter No 17 – T.S. Grewal 11 Class

Question No 18 Chapter No 17

Question No 18 Chapter No 17

18.Correct the following errors in Hari’s Books:
(i) Credit sale of 132 to R. Krishan correctly entered in Sales Journal but posted to his account as 312.
(ii) The total of the credit side of Ramesh’s Account was overcast by 2,000. (iii) Total of the Purchases Journal of 5,250 has been posted to Purchases Account as 5,205.
(iv) Printer purchased from R. Ltd. for 4,000 on credit was entered in the Purchases Book.
(v) An item of 2,000 entered in the Sales Return Book was posted to the debit of Pandey who had returned the goods.

The solution of Question No 18 Chapter No 16:-

 

Date   Particulars
L.F. Debit Credit
i Suspense A/c Dr.   180  
  To R. Krishan       180
  (Being Goods sold to R. Krishan of Rs 132 was posted as Rs 312 in his account, now rectified)        
ii Ramesh A/c Dr.   2,000  
  To Suspense A/c       2,000
  (Being Credit side of Ramesh’s Account overcast, now rectified)        
iii Purchases A/c Dr.   45  
  To Suspense A/c       45
  (Being Total of Purchases Book was posted less by 45, now rectified)        
iv Typewriter A/c Dr.   4,000  
  To Purchases A/c       4,000
  (Being Purchase of typewriter was wrongly posted to Purchases Account, now rectified)        
v Suspense A/c Dr.   4,000  
  To Pandey’s A/c       4,000
  (Being Amount wrongly debited to Pandey’s Account for Goods returned by him, now rectified)        

 

 

 

 

Error Rectification in accounting – Explanation with examples

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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

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T.S. Grewals Double Entry Book Keeping - Question No 18 Chapter No 17 - T.S. Grewal 11 Class

T.S. Grewal’s Double Entry Book Keeping

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