Question No 27 Chapter No 16

Question No 27 Chapter No 16

Recertification after the Preparation of Trail Balance but before Final Account

Single Account Errors

27. Pass the rectification entries and show the suspense account in the books of a partnership firm, from the following particulars :
(a) The total of sales returns day book was overcast by 1.000.
(b) Purchase of equipment, from Raj Mohan & Co., worth 2.000, in cash, was entree through the purchase day book and accordingly, credited to the supplier’s account.
(c) Discount 500 allowed by P. Sahoo, a creditor, has not been entered in the books account.
(d) 350 paid for carriage on sale of goods was credited to carriage inward account who posted from the cash book.
(e) Bill receivable worth 1,800 received from a debtor was entered in the bills payable book though correctly entered in the debtor’s account.
(f) A sum of 2,500 collected from Sunil Kumar, a debtor, whose dues were already written off as bad debt, was posted to the credit side of Suraj Singh account.
(g) Goods worth 1,500 bought by the partner V.K. Singh for his personal use with any payment being made as yet, was wrongly entered in the purchase day book.


The solution of Question No 27 Chapter No 16:-

Date  Particulars
(a)Suspense A/cDr. 1,000 
 To Sale Retune A/c   1,000
 (Being sale return book overcast now corded.)    
(b)Supplier’s A/cDr. 2,000 
 Equipment A/cDr. 2,000 
 To Purchases A/c   2,000
 To Cash A/c   2,000
 (Being purchases of equipment passed through purchase book now corrected.)    
(c)P. Sahoo A/cDr. 500 
 To discount receivable A/c   500
 (Being discount received recorded in book .)    
(d)Carriage Outward A/cDr. 350 
 Carriage Inward A/cDr. 350 
 To Suspense A/c   700
 (Being carriage on sale wrongly credited in carriage inward account now corrected.)    
(e)Bill Payable A/cDr. 1,800 
 Bill Receivable A/cDr. 1,800 
 To Suspense A/c   3,600
 (Being B/R treated as B/P now corrected.)    
(f)Suraj Singh A/cDr. 2,500 
 To Bad Debts A/c   2,500
 (Being bad debts recovered wrongly credited in debtors account now corded.)    
(g)Supplier’s A/cDr. 1,500 
 To Purchases A/c   1,500
 (Being salivate purchases wrongly recorded in book corrected )    


Suspense A/c
To Sale return A/c 1,000By Carriage outward A/c 350
To Balance c/d 3,300By Carriage Inward A/c 350
   By Bill Payable A/c 1,800
   By Bill Receivable A/c 1,800
  4,300  4,300



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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