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Question No 34 Chapter No 10 – Unimax 11 Class

Question-No-34-Chapter-No-10-Unimax-11-Class
Question-No-34-Chapter-No-10-Unimax-11-Class

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Question No 34 Chapter No 10 – Unimax Class 11

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34 Rectify the following errors assuming that suspense account was opened. Ascertain the difference in trial balance.
(a) Furniture purchases for ₹ 10,000 wrongly debited to Purchases account as ₹ 4,000.
(b) Machinery purchases on credit form Raman for ₹ 20,000 recorded through purchases book as ₹ 6,000.
(c) Repair on machinery ₹ 1,400 debited to machinery account as ₹ 2,400.
(d) Repair on overhauling of second hand machinery purchases ₹ 2,000 was debited to Repairs account as ₹ 200.
(e) Sales of old machinery at book value ₹ 3,000 was credited to sales account as ₹ 5,000.

The solution of Question No 34 Chapter No 10 –

Journal

Date  ParticularsL.F.DebitCredit
      
a.Furniture A/cDr 10,000 
 To Purchases returns A/c   4,000
 To Suspense A/c   6,000
 (Being furniture purchases debited to purchases a/c with wrong amount, now rectified)    
b.Machinery A/cDr  20,000 
 To Purchases A/c   6,000
 To Suspense A/c   14,000
 (Being machinery purchases on credit passed through purchases book with wrong amount, now rectified)    
      
c.Repair A/cDr 1,400 
 Suspense A/cDr 1,000 
 To Purchases A/c   2,400
 (Being repair to machinery debited to machinery a/c with wrong amount, now rectified)    
      
d.Machinery A/cDr 2,000 
 To Repair A/c   200
 To Suspense A/c   1,800
 (Being overhauling expenses on second hand machinery entered in repair wrongly, now rectified)    
      
e.Sales A/cDr 5,000 
 To Machinery A/c   3,000
 To Suspense A/c   2,000
 (Being sales of machinery credited to sales a/c wrongly with wrong amount, now rectified)    
    39,40039,400

 

Dr.

Suspense A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
 To Different in trial balance 22,800 By Furniture A/c 6,000
 To Machinery A/c 1000 To Machinery A/c 14,000
     To Machinery A/c 1,800
     To Sales A/c 2,000
   23,800   23,800

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It is all about Question 34 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.

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Part-I

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

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