Question No 19 Chapter No 16

Question No 19 Chapter No 16

Recertification after the Preparation of Trail Balance but before Final Account

Single Account Errors

19.How would you rectify the following errors which are discovered at post trail balance stage

  1. Sale of goods Rs 2,900 posted to the debit of sale account Rs 9,020
  2. Commission Rs 150 paid was posted twice, first to discount account and then to a commission account
  3. Machinery costing Rs 8,000 was sold for Rs 6,500. Machinery was credited with the sale proceeds only
  4. An acceptance for Rs 5,000 given to Chaman was dishonoured and noting charges Rs 100 were paid by drawer. However, on dishonour amount of bill was only recorded in drawer’s account
  5. Opening balance of building Rs 25,000 was not brought forward
  6. Loan given to X Rs 6,000 out of personal bank account was debited to capital account


The solution of Question No 19 Chapter No 16:-

Date  Particulars
(a)Suspense A/cDr. 11,920 
 To Sale A/c   11,920
 (Being sale of Rs 2,900 wrongly posted to debit of sale account as Rs 9,020 now corrected.)    
(b)Suspense A/cDr. 150 
 To Discount A/c   150
 (Being commission paid wrongly posted to discount account now corrected.)    
(c)Loss on sale of machinery A/cDr. 1,500 
 To Machinery A/c   1,500
 (Being sale not posted to Harmit account.)    
(d)Noting Charges A/cDr. 100 
 To Suspense A/c   100
 (Being opening balance of building account not brought forward, now recorded.)    
(e)Building A/cDr. 25,000 
 To Suspense A/c   25,000
 (Being opening balance of building account not brought forward now recorded.)    
(f)Suspense A/cDr. 6,000 
 To Capital A/c   6,000
 (Being personal loan recorded in firm’s book now corrected )    

Error Rectification in accounting – Explanation with examples

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Also, Check out the solved question of all Chapters: –


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

Chapter No. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting 

Chapter No. 3 – Origin of Transactions

Chapter No. 4 – Vouchers and transactions

Chapter No. 5 – Journal

Chapter No. 6 – Accounting for Goods and Services Tax(GST)

Chapter No. 7 – Ledger

Chapter No. 8 – Cash Book

Chapter No. 9 – Other Subsidiary Books

Chapter No. 10 – Journal Proper

Chapter No. 11 – Trial Balance

Chapter No. 12 – Bank Reconciliation Statement

Chapter No. 13 – Depreciation

Chapter No. 14 – Provisions and Reserves 

Chapter No. 15 – Bills of Exchange

Chapter No. 16 – Rectification of Errors 

Chapter No. 17 – Financial Statements – (Without Adjustments)

Chapter No. 18 – Financial Statements – (With Adjustments)

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