Question No 5 Chapter No 10 - Unimax 11 Class

Question No 5 Chapter No 10 – Unimax Class 11

Table of Contents

5 How will you rectify the following errors:

₹ 125 paid as cartage for the newly purchases furniture posted to cartge a/c.
Goods sold to Pritam for ₹ 600 were correctly entered and posted but the goods were later on returned and taken into stock. No entry for the return of goods have been made in the books.
Goods costing ₹ 1,800 have been purchases on credit from Soan but no entry has been made in the books although the goods were taken into stock.
Goods purchases from Ashok Rana on credit for ₹ 7,000 was recorded in Purchases book as ₹ 700.
A cheque for ₹ 2,000 received from Bimal has been dishonoured and was debited to discount account.
Goods of the value of ₹ 600 returned to Pooja & Co. but no entry has been made in the purchases return book.
Sales of ₹ 700 to Sita Ram were recorded as ₹ 70 in the sales book.

The solution of Question No 5 Chapter No 10 –

Journal

Date	Particulars		L.F.	Debit	Credit

1	Furniture A/c	Dr.		125
	To Cartage A/c				125
	(Being cartage paid on newly purchases furniture posted to cartage a/c, now rectified)

2	Sales return A/c	Dr.		600
	To Pritam’s A/c				600
	(Being goods returned by Pritam not entered in books, now rectified)

3	Purchases A/c	Dr.		1,800
	To Sohan’s A/c				1,800
	(Being goods purchase from Sohan, omitted to record in the books now rectified)

4	Purchases A/c	Dr.		6,300
	To Ashok Rana’s A/c				6,300
	(Being goods purchases from Ashok Rana of ₹ 7,000 but recorded in purchases book as ₹ 700 now rectified)

5	Bimal’s A/c	Dr.		2,000
	To Discount A/c				2,000
	(Being Bimal’s cheque dishonoured & debited to discount a/c, now rectified)

6	Pooja & Co’s A/c	Dr.		600
	To Purchases returns A/c				600
	(Being goods returned to Pooja Co. not recorded in books, now rectified)

7	Sita Ram’s A/c	Dr.		630
	To Sales A/c				630
	(Being sales to Sia Ram of ₹ 700 recorded as ₹ 70, now rectified)

It is all about Question 4 Chapter 10 of Class 11 unimax, If you have any problem please comment below.

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

Part-I

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Part-II

Part-III