Question No 26 Chapter No 16

Question No 26 Chapter No 16

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.


The solution of Question No 26 Chapter No 16:-

Date  Particulars
(a)Office Equipment A/cDr. 1,700 
 To Office expenses A/c   1,700
 (Being purchased of typewriter wrongly debited in office expenses account now corded.)    
(b)Black A/cDr. 2,000 
 To Sale A/c   1,000
 (Being cash sale wrongly credited to customer account instead of sale account )    
(c)Sales A/cDr. 800 
 Sales Return A/cDr. 800 
 To Suspense A/c   1,600
 (Being sale return wrongly treated as sale account.)    
(d)Bill Payable A/cDr. 3,000 
 Bill Receivable A/cDr. 3,000 
 To Suspense A/c   6,000
 (Being B/R wrongly credited in B//P account, now corrected.)    
(e)Suspense A/cDr. 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/cDr. 100 
 To Sale retune A/c   100
 (Being sales retune book being overcast corrected )    


Suspense A/c
To Red A/c 8,000By Balance b/d 500
To Sale Return A/c 100By 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



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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