Question No 24 Chapter No 16

Question No 24 Chapter No 16

Recertification after the Preparation of Trail Balance but before Final Account

Single Account Errors

24. Ganesh Kumar drew a trial balance of his operations for the year ended 31.3.2018. There was a difference in the Trial Balance ?` 18,290 excess credit which he closed with a Suspense Account. On scrutiny by the Auditors, the following errors were found :
(a) Purchase Day Book for the month of April, 2017, was undercast by Z 1,000.
(b) Sales Day Book for the month of October, 2017 was overcast by Z 10,000.
(c) A Furniture purchased for Z 8,100 was entered in the Furniture Account as Z 810.
(d) A bill for Z 10,000 drawn upon Gulshan Kumar was not entered in the Bills Receivable Book.
(e) Machinery purchased for Z 10,000 was entered in the Purchase Day Book.
Pass necessary journal entries to rectify the same and ascertain the difference in the Trial Balance that was shown under the Suspense Account in respect of the above items.


The solution of Question No 24 Chapter No 16:-

Date  Particulars
(a)Purchase A/cDr. 1,000 
 To Suspense A/c   1,000
 (Being purchased book being under cast now corded.)    
(b)Sale A/cDr. 10,000 
 To Suspense A/c   10,000
 (Being sales book being overcast now corded.)    
(c)Furniture A/cDr. 7,290 
 To Suspense A/c   7,290
 (Being furniture purchased Rs 8,100 recorded as Rs 810.)    
(d)Bill Receivable A/cDr. 10,000 
 To Ganesh A/c   10,000
 (Being acceptance unrecorded in the book now corrected )    
(e)Machinery A/cDr. 10,000 
 To Purchases A/c   10,000
 (Being purchases of machinery wrongly recorded in purchases book now corrected .)    


Suspense A/c
   By Purchases A/c 1,000
   By Sale A/c 10,000
   By Furniture A/c 7,290
To Balance c/d 18,290   
  18,290  18,290



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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