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Get complete step-by-step solutions for T.S. Grewal ISC Class 11 Accountancy - Chapter 21 - Rectification of Errors. Study double-entry system details, practice timed problems, and verify answers directly.
Rectify the following errors discovered after the preparation of the Trial Balance:
(i) Sales Book of March was added short by ₹ 10,000. (ii) A periodical total of the Purchases Book was cast short by ₹ 12,000. (iii) ₹ 5,000 written off as depreciation on machinery was not debited to Depreciation Account. (iv) Sale of goods to Raju for ₹ 500 was posted to the wrong side of his account.
Note: Posting ₹ 500 to the wrong side of Raju's account leaves it short by twice that amount (₹ 1,000), since it needed to move from the wrong side to the right one.
| Date | Particulars | L.F. | Dr. (₹) | Cr. (₹) |
|---|---|---|---|---|
| Suspense A/c Dr. To Sales A/c (Sales Book of March added short by ₹ 10,000, rectified) | 10,000 | 10,000 | ||
| Purchases A/c Dr. To Suspense A/c (Periodical total of Purchases Book cast short by ₹ 12,000, rectified) | 12,000 | 12,000 | ||
| Depreciation A/c Dr. To Suspense A/c (Depreciation on machinery not debited to Depreciation A/c, rectified) | 5,000 | 5,000 | ||
| Raju's A/c Dr. To Suspense A/c (Sale of ₹ 500 to Raju posted to the wrong side of his account, rectified) | 1,000 | 1,000 |
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Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.