Question No 29 Chapter No 17 – T.S. Grewal 11 Class

Question No 29 Chapter No 17

Question No 29 Chapter No 17

29.Rectify the following errors:
(i) Wages paid for the construction of office debited to the Wages Account, 5,000.
(ii) Machinery purchased for 35,000 was passed through the Purchases Book.
(iii) Old furniture sold for 1,000, passed through the Sales Book.
(iv) 2,000 paid to Mehta Bros. against acceptance were debited to Malhotra Bros. Account.
(v) Sales of 204 to Ram debited to his account as 402 and purchases of 1,012 from Shyam credited to his account as 1,210.

The solution of Question No 29 Chapter No 16:-

Date   Particulars
L.F. Debit Credit
i Building A/c Dr.   5,000  
  To Wages A/c       5,000
  (Being Wages paid for the construction of office was debited wrongly to Wages Account, now rectified)        
ii Machinery A/c Dr.   35,000  
  To Purchases A/c       35,000
  (Being Purchase of Machinery was recorded wrongly in Invoice Book, now rectified)        
iii Sales A/c Dr.   1,000  
  To Furniture A/c       1,000
  (Being Sale of Old Furniture was passed wrongly to Sales Book, now rectified)        
iv Bills Payable A/c Dr.   2,000  
  To Malhotra Bros       2,000
  (Being Amount paid against acceptance to Mehta Bros was wrongly debited to Malhotra Bros, now rectified)        
v Shyam A/c Dr   198  
  To Ram A/c       198
  (Being Sales to Ram Rs 204 was debited to his account as Rs 402 and Purchase from Shyam Rs 1,012 was Credited to his account as Rs 1,210, 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

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T.S. Grewals Double Entry Book Keeping - Question No 29 Chapter No 17 - T.S. Grewal 11 Class

T.S. Grewal’s Double Entry Book Keeping

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