Question No 28 Chapter No 17 - T.S. Grewal 11 Class

Question No 28 Chapter No 17

28.(i) What are the different causes that make a Trial Balance incorrect?
(ii) Pass the rectifying Journal entries:
(a) A credit sale of goods for 2,500 to Krishna has been wrongly passed through the Purchases Book.
(b) 5,000 paid for freight on machinery purchased was debited to the Freight Account as 500.
(c) The Returns Inward Book has been wrongly over casted by 100.
(d) An amount of 500 due from Ramesh which had been written off as bad debt in previous year was recovered and had been posted to the Personal Account of Ramesh.
(e) A sum of 460 owed by Hari had not been included in the list of debtors.

The solution of Question No 28 Chapter No 16:-

(i) The following are the causes that make a Trial Balance incorrect.
1) Incomplete posting of Journal Entry
2) Posting in the wrong side of Account.
3) Wrong totalling of Subsidiary Books
4) The wrong balance of Account
5) The omission of a total of the Subsidiary book into Account 6) Wrong totalling of the Trial Balance

Date	Particulars		L.F.	Debit	Credit
a	Krishna A/c	Dr.		5,000
	To Sales A/c				2,500
	To Purchases A/c				2,500
	(Being Credit Sale of goods to Krishna was posted wrongly to Purchases Book, now rectified)
b	Machinery A/c	Dr.		5,000
	To Freight				500
	To Suspense A/c				4,500
	(Being Freight Rs 5,000 paid on machinery was wrongly recorded in Freight Account as Rs 500)
c	Suspense A/c	Dr.		100
	To Return Inwards A/c				100
	(Being Return Inwards Book was overcast, now rectified)
d	Ramesh A/c	Dr.		500
	To Bad Debt Recovered A/c				500
	(Being Received Rs 500 which previously written off as Bad debt wrongly credited to Ramesh Account, now rectified)
e	Sundry Debtors A/c	Dr		460
	To Hari A/c				460
	(Being Hari which was not in the List of Sundry Debtors, now recorded

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