Question No 22 Chapter No 16

Question No 22 Chapter No 16

Recertification after the Preparation of Trail Balance but before Final Account

Single Account Errors

22. You are required to rectify the following errors in the books of Kamal with suspense account.
(a) Income tax paid Rs 1,800 was posted to office expenses account RS 1,080.
(b) A sale of goods of Rs 7,500 to Kavita was recorded in sale book Rs 7,050. (c) Goods of Rs 1,100 withdrawn for personal use not yet recorded in the books.
(d) Raman returned goods with Rs 700 was recorded in’ Purchase Returns Book’. However. Raman was correctly credited.
(e) A sum of Rs 8,000 received from K.P. Singh was posted to M.P. Singh.
(f) Salary Rs 1,290 paid to Monika was posted to her personal account Rs 1,920.
(g) Commission received Rs 1,160 from Gurjit was posted to his personal account Rs 1,060.

 

The solution of Question No 22 Chapter No 16:-

Journal
Date  Particulars
L.F.DebitCredit
      
(a)Drawing A/cDr. 1,800 
 To Office Expenses A/c   1,080
 To Suspense A/c   720
 (Being income tax paid RS 1800 wrongly debited to office expenses as Rs 1,080 now corded.)    
      
(b)Kavita A/cDr. 450 
 To Sale A/c   450
 (Being sale Rs 7,500 wrongly recorded as Rs 7,050 now corded.)    
      
(c)Drawing A/cDr. 1,100 
 To Purchases A/c   1,100
 (Being drawing unrecorded now corded.)    
      
(d)Sale Retune A/cDr. 700 
 Purchases return A/cDr. 700 
 To Suspense A/c   1,400
 (Being sales return wrongly treated as purchases return now corrected )    
      
(e)M.P. Singh A/cDr. 8,000 
 To K.P Singh A/c   8,000
 (Being receipt from K.P Singh wrongly posted in M.P Singh now corded.)    
      
(f)Salary A/cDr. 1,290 
 Suspense A/cDr. 630 
 To Monika A/c   1,920
 (Being salary paid Rs 1,290posted to personal A/c as Rs 1,920 now corrected )    
      
(g)Gurjit A/cDr. 1,060 
 Suspense A/cDr. 100 
 To Commission A/c   1,160
 (Being commission received wrongly recorded in a personal account 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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