Question No 22 Chapter No 17 - T.S. Grewal 11 Class

Question No 22 Chapter No 17

22. Give rectifying Journal entries for the following errors:
(i) Sales of goods to Madan 6,000 were entered in the Sales Book as 600.
(ii) Credit purchase of 1,500 from Ajay has been wrongly passed through the Sales Book.
(iii) Repairs to building 300 were debited to Building Account.
(iv) 2,050 paid to Rohit is posted to the debit of Mohit’s Account as 5,020.
(v) Purchases Return Book is overcast by 400.

The solution of Question No 22 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	Purchases A/c	Dr.		1,500
	Sales A/c	Dr.		1,500
	To Suspense A/c				3,000
	(Being Purchase of Goods from Ajay was wrongly passed through Sales Book)
iii	Repair A/c	Dr.		300
	To Building A/c				300
	(Being Repair of Building Rs 300 was wrongly debited to Building Account, now rectified)
iv	Rohit	Dr.		2,050
	Suspense A/c	Dr.		2,970
	To Mohit				5,020
	(Being Payment to Rohit Rs 2,050 was wrongly debited Mohit’s Account as Rs 5,020, now rectified)
v	Purchases Return A/c	Dr.		400
	To Suspense A/c				400
	(Being Purchase Return Book was overcast now rectified)

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Error Rectification in accounting – Explanation with examples

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- 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. Grewal’s Double Entry Book Keeping

Question No 22 Chapter No 17 – T.S. Grewal 11 Class

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