Question No 21 Chapter No 17 – T.S. Grewal 11 Class

Question No 21 Chapter No 17

Question No 21 Chapter No 17

21. Pass the rectifying entries for the following
(i) Sales of goods 6,000 to Madan were recorded as 600 in the Sales Book.
(ii) Credit purchase of goods from Mohan amounting to 2,000 has been wrongly passed through the Sales Book.
(iii) Return of goods worth 500 by a customer was entered in ‘Purchases Return Book’.
(iv) Cheque of 400 received from Ranjan was dishonoured and debited to the Discount Account.
(v) Bill for 820 received from Ramesh for the repair of machinery was entered in the Purchases Book as 720

The solution of Question No 21 Chapter No 16:-

 

Date   Particulars
L.F. Debit Credit
i Madan Dr.   5,400  
  To Sales A/c       5,400
  (Being Sale of Goods to Madan Rs 6,000 was wrongly recorded as Rs 600        
ii Sales A/c Dr.   2,000  
  Purchases A/c Dr.   2,000  
  To Suspense A/c       4,000
  (Being Sale of Goods Rs 257 to M/s Goodluck & Co was wrongly recorded as Rs 275, now rectified)        
iii Sales Return A/c Dr.   500  
  Purchases Return A/c Dr.   500  
  To Customer A/c       1,000
  (Being Sales Return was entered wrongly in Purchases Return Book, now rectified)        
iv Rajan A/c Dr.   400  
  To Discount A/c       400
  (Being Rent paid was debited wrongly to Landlord Account, now rectified)        
v Repair A/c Dr.   820  
  To Purchases A/c       720
  To Ramesh A/c       100
  (Being Repair of Machinery Rs 820 was recorded wrongly to Purchases Book 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 21 Chapter No 17 - T.S. Grewal 11 Class

T.S. Grewal’s Double Entry Book Keeping

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