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

Question No 22 Chapter No 17

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)        

 

 

 

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 22 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.