Question No 26 Chapter No 10 - Unimax 11 Class

Question No 26 Chapter No 10 – Unimax Class 11

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The solution of Question No 26 Chapter No 10 –

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

26. Pass rectifying journal entries:
(1) A credit sales of goods for ₹ 2,500 to Krishna has been wrongly passed through the purchases book.
(2) ₹ 5,000 paid for freight on Machinery purchases was debited to freight account as ₹ 500.
(3) Returns inward book has been wrongly wrongly overcast by ₹ 100.
(4) An amount of ₹ 500 due from Ramesh which had been written off as bad debt in a previous year was recovered and had been posted to the personal account of Ramesh.
(5) A sum of ₹ 460 owed by Hari had not been included in the list debtors.

The solution of Question No 26 Chapter No 10 –

Journal
Date	Particulars			L.F.	Debit	Credit

1	Krishna A/c	Dr.			5,000
	To Sales A/c					2,500
	To Purchases A/c					2,500
	(Being sales to Krishna recorded in purchases book, now rectified)

2	Machinery A/c	Dr.			5,000
	To Freight A/c					500
	To Suspense A/c					4,500
	(Being paid freight on machinery purchases debited freight a/c but wrongly amount, now rectified)

3	Suspense A/c	Dr.			100
	To Return inward A/c					100
	(Beingreturns inward book overcast, now rectified)

4	Ramesh’s A/c	Dr.			500
	ToBad debts recovered A/c					500
	(Being amount due from Ramesh, written off as bad debts in last year, now recovered but debited to his personal now rectified)

5	Debtors A/c		Dr.		460
	To Suspense A/c					460
	(Being sum owned by Hari omitted to include in debtors, now rectified)

It is all about Question 26 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 26 Chapter No 10 – Unimax 11 Class

The solution of Question No 26 Chapter No 10 –

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

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