Question No 29 Chapter No 10 - Unimax 11 Class

Question No 29 Chapter No 10 – Unimax Class 11

Table of Contents

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.

Advertisement-X

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

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

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

Part-I

Advertisement-X

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.

Related