Question No 29 Chapter No 10 - Unimax 11 Class

Question No 29 Chapter No 10 – Unimax Class 11

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The solution of Question No 29 Chapter No 10 –

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

29. Give journal entries rectify the following errors.
(1) Sundry item of plant sold for ₹ 260 had been entered in sales book, the total of which book had been posted to sales a/c.
(2) Cash purchases from Ajay ₹ 180 were recorded in cash book as well as in purchases book and posted from both.
(3) ₹ 7,500 was outstanding on account of wages.
(4) ₹ 3,000 spent on current repair of plant and machinery was capitalized.
(5) Sales return book balance of ₹ 210 was not included in the accounts.
(6) A sale of ₹ 430 to Ramdas was credited in his account as ₹ 340.

The solution of Question No 29 Chapter No 10 –

Journal

Date	Particulars			L.F.	Debit	Credit

1	Sales A/c	Dr.			260
	To Plant A/c					260
	(Being sales of old plant entered in sales book, now rectified)
2	Ajay’s A/c	Dr.			180
	To purchases A/c					180
	(Being cash purchases from Ajay entered in cash book & purchases book both, now rectified)
3	Wages A/c	Dr.			7,500
	To Outstanding wages A/c					7,500
	(Being wages outstanding on it’s a/c not recorded, now rectified)

4	Repair A/c	Dr.			3,000
	To Plant & Machinery A/c					3,000
	(Being spent on repair capitalise, now rectified)

5	Sales Returns A/c		Dr.		210
	To Suspense A/c					210
	(Being sales return book’s total not included in the a/c, now rectified)

6	Ramdas’s A/c		Dr.		770
	To Suspense A/c					770
	(Being sales to Ramdas of ₹ 430 credited to a/c as ₹ 340, now rectified)

It is all about Question 29 Chapter 10 of Class 11 unimax, If you have any problem please comment below.

Read out the full article to know the meaning of Rectification of Errors

Error Rectification in accounting – Explanation with examples

Also, Check out the same article in Hindi from the following link

Error Rectification in accounting – Explanation with examples-in Hindi

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Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

Part-I

Chapter No. 1 – Introduction of Accounting
Chapter No. 2 – Theory Base of Accounting
Chapter No. 3 – Vouchers and Transactions
Chapter No. 4 – Journal
Chapter No. 5 – Goods and Services Tax (GST): An Introduction
Chapter No. 6 – Ledger
Chapter No. 7 – Special Purpose Book – Cash Book
Chapter No. 8 – Other Subsidiary Books
Chapter No. 9 – Trial Balance
Chapter No. 10 – Rectification of Errors
Chapter No. 11 – Depreciation
Chapter No. 12 – Provision and Reserves
Chapter No. 13 – Bank Reconciliation Statement
Chapter No. 14 – Bills of Exchange

Students may choose only one part from the Part II and Part III

Part-II

Chapter No. 15 – Financial Statements (Without Adjustments)
Chapter No. 16 – Financial Statements (With Adjustments)
Chapter No. 17 – Accounts from Incomplete Records – Single Entry System

Part-III

Chapter No. 18 – Introduction to Computers and Accounting information System
Chapter No. 19 – Computerised Accounting
Chapter No. 20 – Accounting Software: Tally
Chapter No. 21 – Data Base System
Chapter No. 22 – Concept of Entity and Relationship

Question No 29 Chapter No 10 – Unimax 11 Class

The solution of Question No 29 Chapter No 10 –

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

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