Question No 19 Chapter No 10 - Unimax 11 Class

Question No 19 Chapter No 10 – Unimax Class 11

Table of Contents

The solution of Question No 19 Chapter No 10 –

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

There was a difference of ₹ 720 in trial balance which has been transferred to credit side of suspense account. Pass rectifying entries and prepare suspense account to rectify the following errors.
(1) An amount of ₹ 375 posed in the debit side of commission account instead of ₹ 275.
(2) Credit amount of ₹ 260 posted to debit of personal account as ₹ 360.
(3) Goods sold to Surinder recorded in purchases book ₹ 300.
(4) D’s bill for erections of godown at a cost of ₹ 1,200 has been charged to Repair account.

The solution of Question No 19 Chapter No 10 –

	Journal
Date	Particulars		L.F.	Debit	Credit

1	Suspense A/c	Dr.		100
	To Commission A/c				100
	(Being ₹ 375 posted to debit of commission a/c instead of ₹ 275, now rectified)

2	Suspense A/c	Dr.		620
	To personal A/c				620
	(Being credit amount posted to debit of personal a/c, now rectified)

3	Surinder’s A/c	Dr.		600
	To Sales A/c				300
	To Purchases A/c				300
	(Being goods sold to Surinder posted to purchases book)

4	Building A/c	Dr.		1,200
	To Repairs A/c				1,200
	(Being erection of godown charged to repair a/c, now rectified)

Dr.	Suspense A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
	To Commission A/c		100		By Balance b/d		720
	To personal A/c		620

			720				720

It is all about Question 19 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

Advertisement-X

Error Rectification in accounting – Explanation with examples

Also, Check out the same article in Hindi from the following link

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

Advertisement-X

Part-II

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 19 Chapter No 10 – Unimax 11 Class

The solution of Question No 19 Chapter No 10 –

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

Related