Question No 21 Chapter No 10 - Unimax 11 Class

Question No 21 Chapter No 10 – Unimax Class 11

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The solution to Question No 21 Chapter No 10 –

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

21. Rectify the following errors:
(1) The total of one page of the sales book was carried forward to the next page as ₹ 2,785 instead of ₹ 2,587.
(2) A cheque of ₹ 400 received from Mohan was dishonoured and has been posted to the debit side of Allowance A/c.
(3) A return of goods worth ₹ 5,000 by a customer was entered in the purchase return book.
(4) A sum of ₹ 200 owed by X’s has been included in the list of sundry creditors.
(5) Sale of old furniture of ₹ 430 was credited to sales A/c as 340.

The solution to Question No 21 Chapter No 10 –

Journal
Date	Particulars		L.F.	Debit	Credit

1	Sales A/c	Dr.		198
	To Suspense A/c				198
	(Being total of sales book b/f as ₹ 2,785 instead of ₹ 2,587, now rectified)

2	Mohan’s A/c	Dr.		400
	To Allowance A/c				400
	(Being Mohan’s cheque dishonoured Dr. to allowance a/c, now rectified)

3	Sales return A/c	Dr.		5,000
	Purchases return A/c	Dr.		5,000
	To Customer’s A/c				10,000
	(Being goods returned by a customer entered in purchases returns book, now rectified)

4	Sundry creditors A/c	Dr.		200
	Sundry debtors A/c	Dr.		200
	To Suspense A/c				400
	(Being owned by ‘X’ included in Sundry creditors, now rectified)

5	Sales A/c	Dr.		340
	Suspense A/c	Dr.		90
	To Furniture A/c				430
	(Being Sale of old furniture was wrongly credited to the sales account with less amount, now rectified)

It is all about Question 21 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

Error Rectification in Accounting – Explanation with examples

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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

Part-II

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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 21 Chapter No 10 – Unimax 11 Class

The solution to Question No 21 Chapter No 10 –

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

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