Question No 20 Chapter No 17 – T.S. Grewal 11 Class

Question No 20 Chapter No 17

Question No 20 Chapter No 17

20. Mukesh fund that the Trial Balance did not agree. He found the following errors:
(i) In the Sales Book for the month of January, a total of Page No. 3 was carried forward to Page No. 4 as 1,000 instead of 1,200 and total of Page No. 7 was carried forward to Page No. 8 as 5,600 instead of 5,000.
(ii) Goods returned to Anshuka 10,000 were recorded in the Sales Book.
(iii) Bill Receivable for 800 from Riya was dishonoured and posted to the debit of Allowances Account

The solution of Question No 20 Chapter No 16:-

 

Date   Particulars
L.F. Debit Credit
i Suspense A/c Dr.   600  
  To Sales A/c       600
  (Being Sales book balance wrongly carried forward by less amount, now rectified)        
  Sales A/c Dr.   600  
  To Suspense A/c       600
  (Being Sales book balance wrongly carried forward by more amount, now rectified)        
ii Sales A/c Dr.   10,000  
  To Purchase Returns A/c       10,000
  (Being Goods returned wrongly recorded in the sales book, now rectified)        
iii Riya A/c Dr.   800  
  To Allowances A/c       800
  (Being (Bill dishonoured wrongly posted to the debit of Allowances A/c, now rectified)        

 

 

 

Error Rectification in accounting – Explanation with examples

Thanks, Please Like and share with your friends  

Comment if you have any question.

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

Check out T.S. Grewal +1 Book 2019 @ Official Website of Sultan Chand Publication

T.S. Grewals Double Entry Book Keeping - Question No 20 Chapter No 17 - T.S. Grewal 11 Class

T.S. Grewal’s Double Entry Book Keeping

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.