Question No 27 Chapter No 17 - T.S. Grewal 11 Class

Question No 27 Chapter No 17

27.Pass Journal entries to rectify the errors in the following cases:
(i) A purchase of goods from David amounting to 150 has been wrongly passed through the Sales Book.
(ii) A credit sale of goods of 120 to Peter has been wrongly passed through the Purchases Book.
(iii) 200, salary paid to Cashier, B. Naidu, stands wrongly debited to his Personal Account.
(iv) A credit sales of 4,230 to Krishan entered as purchase from Kishan 4,320.
(v) Ramesh’s Account was credited with 840 twice instead of once.

The solution of Question No 27 Chapter No 16:-

Date	Particulars		L.F.	Debit	Credit
i	Purchases A/c	Dr.		150
	Sales A/c	Dr.		150
	To David				300
	(Being Purchase of Goods from David was wrongly passed through Sales Book, now rectified)
ii	Peter A/c	Dr.		240
	To Sales A/c				120
	To Purchases A/c				120
	(Being Sale of goods to Peter was wrongly passed through Purchases Book, now rectified)
iii	Salaries A/c	Dr.		200
	To B. Naidu				200
	(Being Salary paid to B. Naidu was passed wrongly to his account, now rectified)
iv	Krishan A/c	Dr.		4,230
	Kishan A/c	Dr.		4,230
	To Sales A/c				4,230
	To Purchases A/c				4,230
	(Being Sales to Krishan recorded wrongly as purchases from Kishan with a wrong amount, now rectified)
v	Ramesh A/c	Dr		840
	To Suspense A/c				840
	(Being Amount twice Credit to Ramesh’s Account, now rectified)

Error Rectification in accounting – Explanation with examples

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

- Chapter No. 1 – Introduction to Accounting
- Chapter No. 2 – Basic Accounting Terms
- Chapter No. 3 – Theory Base of Accounting, Accounting Standards and International Financial Reporting Standards(IFRS)
- Chapter No. 4 – Bases of Accounting
- Chapter No. 5 – Accounting Equation
- Chapter No. 6 – Accounting Procedures – Rules of Debit and Credit
- Goods and Services Tax(GST)
- Chapter No. 7 – Origin of Transactions – Source Documents and Preparation of Vouchers
- Chapter No. 8 – Journal
- Chapter No. 9 – Ledger
- Chapter No. 10 – Special Purpose Books I – Cash Book
- Chapter No. 11 – Special Purpose Books II – Other Books
- Chapter No. 12 – Bank Reconciliation Statement
- Chapter No. 13 – Trial Balance
- Chapter No. 14 – Depreciation
- Chapter No. 15 – Provisions and Reserves
- Chapter No. 16 – Accounting for Bills of Exchange
- Chapter No. 17 – Rectification of Errors
- Chapter No. 18 – Financial Statements of Sole Proprietorship
- Chapter No. 19 – Adjustments in preparation of Financial Statements
- Chapter No. 20 – Accounts from incomplete Records – Single Entry System
- Chapter No. 21 – Computers in Accounting
- Chapter No. 22 – Accounting Software – Tally
- Chapter No. 5 – Accounting Equation
- Chapter No. 6 – Accounting Procedures – Rules of Debit and Credit
- Goods and Services Tax(GST)
- Chapter No. 8 – Journal
- Chapter No. 9 – Ledger
- Chapter No. 10 – Special Purpose Books I – Cash Book