Question No 32 Chapter No 10 - Unimax 11 Class

Question No 32 Chapter No 10 – Unimax Class 11

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The solution of Question No 32 Chapter No 10 –

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

32. Pass the entries to rectify the following errors with or without the help of suspense A/c:
(1) A credit sale of goods of ₹ 120 to Ramesh has been wrongly passed through the purchases book.
(2) ₹ 700, the total of sales return book has been passed to the debit of the purchases return a/c.
(3) A discount of ₹ 58.12 allowed to a customer has been credited to him as ₹ 56.21
(4) Unexpired insurance ₹ 500 has not been taken into account while preparing profit and loss a/c.
(5) Wages paid for the construction of office furniture was debited to wages account ₹ 200.
(6) Cash received from Gokul ₹ 500 was posted in the credit side of the cash book.

The solution of Question No 32 Chapter No 10 –

Journal

Date	Particulars			L.F.	Debit	Credit

1	Ramesh A/c	Dr			240
	To Sales A/c					120
	To Purchases A/c					120
	(Being goods purchases, was recorded in the book wrongly instead of sales, now rectified)
2	Sales returns A/c	Dr			700
	To purchases returns A/c					700
	(Being total of sales return book debited to purchases return book, now rectified)
3	Suspense A/c	Dr			1.91
	To Customer A/c					1.91
	(Being discount allowed to a customer credited to his a/c with, now rectified)

4	Prepaid A/c	Dr			500
	To Insurance A/c					500
	(Being prepaid insurance not taken in a/c while preparing profits loss a/c, now rectified)

5	Furniture A/c		Dr		200
	To Wages A/c					200
	(Being wages paid for construction of furniture debited to wages a/c, now rectified)

6	Cash A/c		Dr		1,000
	To Gokul A/c					1,000
	(Being cash received entered wrongly in cash book, now rectified)
					2,641.91	2,641.91

It is all about Question 32 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

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

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

Part-I

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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 32 Chapter No 10 – Unimax 11 Class

The solution of Question No 32 Chapter No 10 –

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

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