Question No 37 Chapter No 10 - Unimax 11 Class

Question No 37 Chapter No 10 – Unimax Class 11

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The solution of Question No 37 Chapter No 10 –

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

37 Rectify the following error:
(1) Credit sales to Mohan ₹ 7,000 were recorded as ₹ 700.
(2) Credit purchases from Rohan ₹ 9,000 were recorded as ₹ 900.
(3) Goods returned to Rakesh ₹ 4,000 were recorded as ₹ 400.
(4) Goods returned from Mahesh ₹ 1,000 were recorded as ₹ 100

The solution of Question No 37 Chapter No 10 –

Journal
Date	Particulars		L.F.	Debit	Credit

1	Mohan’s A/c	Dr		6,300
	To Sales A/c				6,300
	(Being credit sales to Mohan recorded wrongly in books, now rectified)
2	Purchases A/c	Dr		8,100
	To Rohan’s A/c				8,100
	(Being goods purchases on credit from Rohan recorded wrongly in book, now rectified)
3	Rakesh A/c	Dr		3,600
	To purchases returns A/c				3,600
	(Being goods returned to Rakesh recorded wrongly in books, now rectified)
4	Sales returns A/c	Dr		900
	To Mahesh A/c				900
	(Being sales returned from Mahesh recorded wrongly in books, now rectified)
				18,900	18,900

It is all about Question 37 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

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

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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 37 Chapter No 10 – Unimax 11 Class

The solution of Question No 37 Chapter No 10 –

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

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