Question No 26 Chapter No 16 - USHA Publication 11 Class

Question No 26 Chapter No 16

Table of Contents

The solution of Question No 26 Chapter No 16:-

Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution

Recertification after the Preparation of Trail Balance but before Final Account

Single Account Errors

26. You are presented with a Trial Balance showing a difference of 500 (i.e., credit exceeds debit) which has been carried to Suspense Account and the following errors are revealed :
(a) 1,700 paid in cash for a Typewriter was charged to Office Expenses Account.
(b) A cash sale of 5,000 to Black, correctly entered in the Cash Book was posted to the credit of Black’s Account. instead of Sales Account.
(c) Goods amounting to 800, returned by Blue, were entered in the Sales Book and posted therefrom to the credit of Blue’s Account.
(d) Bills Receivable from Brown for 3,000, posted to the credit of Bills Payable Account and credited to Brown’s Account.
(e) Goods amounting to 10,000 sold to Red were correctly entered in the Sales Book but posted to Red’s Account for 18,000.
(f) Sales Return Book was overcast by 100. Journalese the necessary corrections and prepare the Suspense Account.

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The solution of Question No 26 Chapter No 16:-

Journal
Date	Particulars		L.F.	Debit	Credit

(a)	Office Equipment A/c	Dr.		1,700
	To Office expenses A/c				1,700
	(Being purchased of typewriter wrongly debited in office expenses account now corded.)

(b)	Black A/c	Dr.		5,000
	To Sale A/c				5,000
	(Being cash sale wrongly credited to customer account instead of sale account )

(c)	Sales A/c	Dr.		800
	Sales Return A/c	Dr.		800
	To Suspense A/c				1,600
	(Being sale return wrongly treated as sale account.)

(d)	Bill Payable A/c	Dr.		3,000
	Bill Receivable A/c	Dr.		3,000
	To Suspense A/c				6,000
	(Being B/R wrongly credited in B//P account, now corrected.)

(e)	Suspense A/c	Dr.		8,000
	To Red A/c				8,000
	(Being goods sold Rs 10,000 wrongly debited in customer’s account as Rs 18,000 now corded.)

(f)	Suspense A/c	Dr.		100
	To Sale retune A/c				100
	(Being sales retune book being overcast corrected )

Suspense A/c					Cr.
Particulars	J.F.	Amount	Particulars	J.F.	Amount
To Red A/c		8,000	By Balance b/d		500
To Sale Return A/c		100	By Sales A/c		800
			By Sale retune A/c		800
			By Bill Payable A/c		3,000
			By Bill Receivable A/c		3,000

		8,100			8,100