Question No 6 Chapter No 10 - Unimax 11 Class

Question No 6 Chapter No 10 – Unimax Class 11

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The solution of Question No 6 Chapter No 10 –

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

The Trial balance of a firm on 31st December 2019 has agreed. The following errors were subsequently discovered:
(1) On 31st December 2019, goods of the value of ₹ 376 were returned by Ram Saran and were taken into stock on the same date but no entry was passed in the books.
(2) An amount of ₹ 236 due from Lalta Prasad which had been written off as a debt in a previous year was unexpectedly recovered and had been posted to the personal account of Lalta Prasad.
(3) New machinery costing ₹ 1,115 purchased during the year had been entered in the purchases book and duly posted to purchases account.
(4) Repairs to plant amounting to ₹ 567 had been charged to plant and machinery account.
(5) A cheque of ₹ 128 received from Farid Alam was dishonoured and had been posted to the debit of sales return account. Give rectifying journal entries.

The solution of Question No 6 Chapter No 10 –

Journal

Date	Particulars		L.F.	Debit	Credit
2019
Dec.31
1	Sales return A/c	Dr.		376
	To Ram Saran’s A/c				376
	(Being goods return by Ram Saran but not recorded in a book, now rectified)

2	Lalta Prasad’s A/c	Dr.		236
	To Bad debts recovers A/c				236
	(Being due from Lalta Prasad written off as bad debts last year, unexpectally recovered, posted to his personal a/c, now rectified)

3	Machinery A/c	Dr.		1,155
	To Purchases A/c				1,155
	(Being new machinery purchase posted to purchases a/c, now rectified)

4	Repairs A/c	Dr.		567
	To Plant & machinery A/c				567
	(Being repair on plant & Machinery posted to plant & Machinery a/c, now rectified)

5	Farid Alam’s A/c	Dr.		128
	To sales returns A/c				128
	(Being Farid Aam’s cheque dishonoured and debited to sales returns a/c, now rectified)

It is all about Question 6 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

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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 6 Chapter No 10 – Unimax 11 Class

The solution of Question No 6 Chapter No 10 –

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

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