Question No 27 Chapter No 17

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.DebitCredit
iPurchases A/cDr. 150 
 Sales A/cDr. 150 
 To David   300
 (Being Purchase of Goods from David was wrongly passed through Sales Book, now rectified)    
iiPeter A/cDr. 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)    
iiiSalaries A/cDr. 200 
 To B. Naidu   200
 (Being Salary paid to B. Naidu was passed wrongly to his account, now rectified)    
ivKrishan A/cDr. 4,230 
 Kishan A/cDr. 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)    
vRamesh A/cDr 840 
 To Suspense A/c   840
 (Being Amount twice Credit to Ramesh’s Account, now rectified)    

 

 

 

Error Rectification in accounting – Explanation with examples

Thanks, Please Like and share with your friends  

Comment if you have any question.

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

Check out T.S. Grewal +1 Book 2019 @ Official Website of Sultan Chand Publication

T.S. Grewals Double Entry Book Keeping - Question No 27 Chapter No 17 - T.S. Grewal 11 Class

T.S. Grewal’s Double Entry Book Keeping

Leave a Reply

About us

About us, we are here to improve your knowledge in all financial & Business related topics and to get better carrier opportunities. The author has about 10-year Experience in tuition Business. It is very difficult to teach a large number of students with a personal touch or in a classroom. 

Animation's Resource websites

All Icons and images used on my website were downloaded from the following website please go and download free:-

close