DK Goel Solutions Chapter 19 Rectification of Errors

DK Goel Accountancy Class 11 Solutions Chapter 19 Rectification of Errors which is outlined by expert Accountancy teachers from the latest version of DK Goel Class 11 Accountancy books. We at BYJU’S provide DK Goel Solutions to assist students to comprehend all the theories in particular. There are numerous concepts in Accountancy, but the concepts of Trial Balance, Depreciation and Bank Reconciliation Statement (BRS) are required.

DK Goel Accountancy Class 11 Solutions – Chapter 19

Question 1

Rectify the following errors:

  • Credit sales to Arun, ₹. 7,000/- were not recorded
  • Credit purchases from Brij, ₹. 9,000/- were not recorded
  • Goods returned to Charu, ₹. 4,000/- were not recorded

Goods returned from Deep, ₹.1,000/- were not recorded

Solution:

JOURNAL

Date

Particulars

L.F.

Dr.

Cr.

i

Arun a/c Dr.

7,000

To Sales a/c

7,000

(Credit sales omitted to be recorded in the books)

ii

Purchases a/c Dr.

9,000

To Brij a/c

9,000

(Credit purchase omitted to be recorded in the books)

iii

Charu a/c Dr.

4,000

To Purchases Return a/c

4,000

(Purchases return omitted to be recorded in the books)

iv

Sales Return a/c Dr.

1,000

To Deep a/c

1,000

(Sales return omitted to be recorded in the books)

Question 2

Rectify the following errors:

  • Credit sales to Arun, ₹. 7,000/- were recorded as ₹. 7,200/-
  • Credit purchases from Brij, ₹. 9,000/- were recorded as ₹. 9,900/-
  • Goods returned to Charu, ₹. 4,000/- were recorded as ₹. 4,040/-

Goods returned from Deep, ₹.1,000/- were recorded as ₹. 1,600/-

Solution:

JOURNAL

Date

Particulars

L.F.

Dr.

Cr.

i

Sales a/c Dr.

200

To Arun a/c

200

(Credit sales recorded as ₹. 7,200/- instead of ₹. 7,000/- in the books)

ii

Brij a/c Dr.

900

To Purchases a/c

900

(Credit purchase recorded as ₹. 9,900/- instead of ₹. 9,000/- in the books)

iii

Purchases Return a/c Dr.

40

To Charu a/c

40

(Purchases return recorded as ₹. 4,040 instead of ₹. 4,000/- in the books)

iv

Deep a/c Dr.

600

To Sales Return a/c

600

(Sales return recorded as ₹. 1,600 instead of ₹. 1,000/- in the books)

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