Question No 25 Chapter No 10 - Unimax 11 Class

Question No 25 Chapter No 10 – Unimax Class 11

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The solution of Question No 25 Chapter No 10 –

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

25. Give rectifying entries for the following:
(1) Sales of goods ₹ 6,000 to Madan were recorded as ₹ 600 in the sales book.
(2) A credit purchase of goods from Mohan amounting to ₹ 2,000 has been wrongly passed through the ‘sales book’.
(3) A return of goods worth ₹ 500 by a customer were entered in ‘purchases return book’.
(4) A cheque of ₹ 400 received from Rajan was dishonoured and debited to ‘discount A/c’.
(5) Bill for ₹ 820 received from Ramesh for repair of machinery was entered in the purchases book as ₹ 720.

The solution of Question No 25 Chapter No 10 –

Journal
Date	Particulars			L.F.	Debit	Credit

1	Madan’s A/c	Dr.			5,400
	To Sales A/c					5,400
	(Being sales to Madan of ₹ 6,000 recorded as ₹ 600 in sales book, now rectified)

2	Purchases A/c	Dr.			2,000
	Sales A/c	Dr.			2,000
	To Mohan A/c					4,000
	(Being purchases from Mohan wrongly passed through sales book, now rectified)

3	Sales returns A/c	Dr.			500
	Purchases return A/c	Dr.			500
	To customer’s A/c					1,000
	(Being goods returned by a customer, passed through purchases returns book now rectified)

4	Ranjan’s A/c	Dr.			400
	To Discount A/c					400
	(Being Ranjan cheque dishonoured & debited to discount a/c, now rectified)

5	Repairs A/c		Dr.		820
	To Purchases A/c					820
	(Being repair of machinery entered in purchases book, now rectified)

It is all about Question 25 Chapter 10 of Class 11 unimax, If you have any problem please comment below.

Read out the full article to know the meaning of Rectification of Errors

Error Rectification in accounting – Explanation with examples

Also, Check out the same article in Hindi from the following link

Error Rectification in accounting – Explanation with examples-in Hindi

Also, Check out the solved question of all Chapters: –

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

Part-I

Chapter No. 1 – Introduction of Accounting
Chapter No. 2 – Theory Base of Accounting
Chapter No. 3 – Vouchers and Transactions
Chapter No. 4 – Journal
Chapter No. 5 – Goods and Services Tax (GST): An Introduction
Chapter No. 6 – Ledger
Chapter No. 7 – Special Purpose Book – Cash Book
Chapter No. 8 – Other Subsidiary Books
Chapter No. 9 – Trial Balance
Chapter No. 10 – Rectification of Errors
Chapter No. 11 – Depreciation
Chapter No. 12 – Provision and Reserves
Chapter No. 13 – Bank Reconciliation Statement
Chapter No. 14 – Bills of Exchange

Students may choose only one part from the Part II and Part III

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Part-II

Chapter No. 15 – Financial Statements (Without Adjustments)
Chapter No. 16 – Financial Statements (With Adjustments)
Chapter No. 17 – Accounts from Incomplete Records – Single Entry System

Part-III

Chapter No. 18 – Introduction to Computers and Accounting information System
Chapter No. 19 – Computerised Accounting
Chapter No. 20 – Accounting Software: Tally
Chapter No. 21 – Data Base System
Chapter No. 22 – Concept of Entity and Relationship

Question No 25 Chapter No 10 – Unimax 11 Class

The solution of Question No 25 Chapter No 10 –

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

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