Class 11 Accountancy Chapter 13 - Rectification of Errors

TS Grewal Solutions for Class 11 Accountancy Chapter 13

TS Grewal Solutions for Class 11 Accountancy Chapter 13 – Rectification of Errors is a concept that students should consider while preparing for their Accountancy exam. Here, are few solutions rendered in a simple and stepwise method.

Board CBSE
Class Class 11
Subject Accountancy
Chapter Chapter 13
Chapter Name Rectification of Errors
Number of questions solved 7
Category TS Grewal

Chapter 13 – Rectification of Errors defines the below-mentioned concepts:

  • Rectification of Errors not affecting the Trial Balance
  • Rectification of Errors affecting the Trial Balance
  • Error of Commission
  • Error of Omission
  • Error of Principal

TS Grewal Solutions for Class 11 Accountancy Chapter 13 – Rectification of Errors

QUESTION 1

Rectify the below-mentioned errors.

1. Book purchase overcast by ₹5,000

2. Return purchased book overcast by ₹2,000

3. Return purchased book’s balance was taken forward by ₹100 as excess

4. Purchase book balance is taken forward by ₹1,000 as excess

Solution.

Journal
Sr. No. Particulars L.F Dr. (₹) Cr. (₹)
i. Suspense A/c Dr.

To Purchase A/c

(Being book purchased was overcast by ₹10,000, now revised)

5,000 5,000
ii. Purchase Return A/c Dr.

To Suspense A/c

(Being return purchased book was overcast by ₹10,00, now revised

2,000 2,000
iii. Purchase Return A/c Dr.

To Suspense A/c

(Being return purchased book’s balance was taken forward by ₹100 as excess, now revised)

100 100
iv. Suspense A/c Dr.

To Purchase A/c

(Being purchase book balance is taken forward by ₹1,000 as excess, now revised)

1,000 1,000

QUESTION 2

Rectify the following errors.

1. Sales Book was short by 5,000

2. Sales Return Book is short by ₹500

3. Sales book balance was short and taken forward by 1,000

4. Sales Return Book balance is taken forward and short by ₹100

Solution.

Journal
Sr. No. Particulars L.F Dr. (₹) Cr. (₹)
i. Suspense A/c Dr.

To Sales A/c

(Being sales book short by 5,000, now revised)

5,000 5,000
ii. Sales Return A/c Dr.

To Suspense A/c

(Being return sales book was short by ₹500

, now revised

500 500
iii. Suspense A/c Dr.

To Sales A/c

(Being sales book balance was short and taken forward by 1,000, now revised)

1,000 1,000
iv. Sales Return A/c Dr.

To Suspense A/c

(Being sales return book balance is taken forward and short by ₹100, now revised)

100 100

QUESTION 3

Rectify the following errors found in the book of Radha.

1. Purchase journal overcast by 2,150

2. ₹500 received from Sudha was debited to her account

3. ₹3,000 was withdrawn by the owner of the company for his personal use and was posted to traveling expense account

4. In the sales book, an amount ₹175 entered for a credit sale to Geeta is debited to his account as ₹157.

Solution.

Journal
Sr. No. Particulars L.F Dr. (₹) Cr. (₹)
i. Purchase A/c Dr.

To Suspense A/c

(Being purchase journal overcast by 2,150, now revised)

2,150 2,150
ii. Susense A/c Dr.

To Sudha A/c

(Being received from Sudha was wrongly debited

, now revised

1000 1000
iii. Drawing A/c Dr.

To Traveling Expense A/c

(Being withdrawn by the owner of the company for his personal use and was wrongly posted to traveling expense account, now revised)

3,000 3,000
iv. Geeta A/c Dr.

To Suspense A/c

(Being Geeta account debited by₹157 instead of ₹175, now revised)

18 18

QUESTION 4

Rectify the following errors.

1. The December sales book was added short by ₹500

2. The total periodic table of purchases book was short by ₹5,000

3. The purchases return book total was undercast by ₹1,500

4. The sales return book was added short by ₹200

Solution.

Journal
Sr. No. Particulars L.F Dr. (₹) Cr. (₹)
i. Suspense A/c Dr.

To Sales A/c

(Being sales book was added short, now revised)

500 500
ii. Purchases A/c Dr.

To Suspense A/c

(Being total periodic table of purchases book was short, now revised

5,000 5,000
iii. Suspense A/c Dr.

To Purchase Return A/c

(Being purchases return book total was undercast, now revised)

1,500 1,500
iv. Sales Return A/c Dr.

To Suspense A/c

(Being sales return book was added short, now revised)

200 200

QUESTION 5

Rectify the following errors and make the necessary entries.

1. ₹10,000 for purchase was not recorded

2. Office furniture purchased for ₹10,000 was recorded in purchases book

3. ₹15,000 office rent was debited to the landlord’s personal account

4. Sold old machine for ₹5,00 was credited to sales account

Solution.

Journal
Sr. No. Particulars L.F Dr. (₹) Cr. (₹)
i. Purchase A/c Dr.

To Suspense A/c

(Being ₹10,000 for purchase was not recorded, now revised)

10,000 10,000
ii. Furniture A/c Dr.

To Purchase A/c

(Being office furniture purchased for ₹10,000 was recorded in purchases book, now revised

10,000 10,000
iii. Rent A/c Dr.

To personal A/c

(Being ₹15,000 office rent was debited to the landlord’s personal account, now revised)

15,000 15,000
iv. Sales A/c Dr.

To Machinery A/c

(Being Sold old machine for ₹5,00 was credited to sales account, now revised)

5,000 5,000

QUESTION 6

Rectify the following errors and make the necessary entries.

1. Purchase book undercast for ₹1,000

2. Sale credit ₹7,000 to Anil was recorded in purchase book

3. Sale credit of ₹7,000 to Radha was recorded as ₹700

Solution.

Journal
Sr. No. Particulars L.F Dr. (₹) Cr. (₹)
i. Purchase A/c Dr.

To Suspense A/c

(Being purchase book undercast for ₹1,000,

now revised)

1,000 1,000
ii. Anil A/c Dr.

To Purchase A/c

To Sales A/c

(Being sale credit ₹7,000 to Anil was recorded in purchase book, now revised

14,000 7,000

7,000

iii. Radha’s A/c Dr.

To Sales A/c

(Being Sale credit of ₹7,000 to Radha was recorded as ₹700, now revised)

6,300 6,300

QUESTION 7

Rectify the following errors.

1. ₹ 20,000 of sales to Manu was recorded as ₹2,000 in the sales book

2. Total ₹25,000 spent for the machinery extension was debited to the wages account

3. Laxman & Co. gave ₹350 discount which was not recorded in the discount column of cash book

Solution.

Journal
Sr. No. Particulars L.F Dr. (₹) Cr. (₹)
i. Manu A/c Dr.

To Sales A/c

(Being ₹ 20,000 of sales to Manu was recorded wrongly as ₹2,000 in the sales book, now revised)

18,000 18,000
ii. Machinery A/c Dr.

To Wages A/c

(Being ₹25,000 spent for the machinery extension was debited to the wages account, now revised

25,000 25,000
iii. Laxman & Co. A/c Dr.

To Discount ReceivedA/c

(Being ₹350 discount which was not recorded in the discount column of cash book, now revised)

350 350