English

Rectify the following errors:(a) Furniture purchased for ₹ 10,000 wrongly debited to purchases account.(b) Machinery purchased on credit from Raman for ₹ 20,000 was recorded through purchases b - Accountancy

Advertisements
Advertisements

Question

Rectify the following errors:
(a) Furniture purchased for ₹ 10,000 wrongly debited to purchases account.
(b) Machinery purchased on credit from Raman for ₹ 20,000 was recorded through purchases book.
(c) Repairs on machinery ₹ 1,400 debited to machinery account.
(d) Repairs on overhauling of second-hand machinery purchased ₹ 2,000 was debited to repairs account.
(e) Sale of old machinery at book value of ₹ 3,000 was credited to sales account.

Journal Entry

Solution

Journal
S.No. Particulars L.F. Debit Amount ₹ Credit Amount ₹
(a) Furniture A/c Dr.    10,000  
  To Purchases A/c      10,000
(Furniture purchased wrongly debited to Purchases Account, now rectified)      
(b) Machinery A/c Dr.     20,000  
  To Purchases A/c     20,000
(Machinery purchased from Raman wrongly entered in the Purchases Book, now rectified)      
(c) Repairs A/c Dr.    1,400  
  To Machinery A/c      1,400
(Repair of machinery wrongly debited to Machinery Account, now rectified)      
(d) Machinery A/c Dr.   2,000  
  To Repairs A/c     2,000
(Overhauling of second-hand machine wrongly debited in Repairs Account, now rectified)      
(e) Sales A/c Dr.    3,000  
  To Machinery A/c     3,000
 (Machinery sold wrongly credited to Sales Account, now rectified)      
shaalaa.com
Rectification of Errors
  Is there an error in this question or solution?
Chapter 6: Trial Balance and Rectification of Errors - Numerical Questions [Page 220]

APPEARS IN

NCERT Accountancy - Financial Accounting 1 [English] Class 11
Chapter 6 Trial Balance and Rectification of Errors
Numerical Questions | Q 14 | Page 220

RELATED QUESTIONS

What is meant by the rectification of errors?


Rectify the following error assuming that the trial balance is yet to be prepared:

Sales returns book was overcast by ₹ 500


Rectify the following journal entry.

Particulars L.F. Dr. (₹) Cr. (₹)
Cash A/c      Dr.
    To Sales A/c
(Furniture sold for cash)
  2,000

2,000


Rectify the following journal entry.

Particulars L.F. Dr. (₹) Cr. (₹)
Manimaran A/c      Dr.
    To Purchases A/c
(Goods taken by the proprietor Mr. Manimaran for his personal use)
  1,000

1,000


The bookkeeper of a firm found that the trial balance was out by ₹ 922 (excess credit).
He placed the amount in the suspense account and subsequently found the following errors:

  1. The total discount column on the credit side of the cash book ₹ 78 was not posted in the ledger.
  2. The total of purchases book was short by ₹ 1,000.
  3. A credit sale of goods to Natarajan for ₹ 375 was entered in the sales book as ₹ 735.
  4. A credit sale of goods to Mekala for ₹ 700 was entered in the purchases book. You are required to give rectification entries and prepare a suspense account.

What is a suspense account? Is it necessary that is suspense account will balance off after rectification of the errors detected by the accountant? If not, then what happens to the balance still remaining in suspense account?


Rectify the following errors:
(a) Salary paid ₹ 5,000 was debited to employee’s personal account.
(b) Rent paid ₹ 4,000 was posted to landlord’s personal account.
(c) Goods withdrawn by proprietor for personal use ₹ 1,000 were debited to sundry expenses account.
(d) Cash received from Kohli ₹ 2,000 was posted to Kapur’s account.
(e) Cash paid to Babu ₹ 1,500 was posted to Sabu’s account.


Rectify the following errors:
(a) Credit Sales to Mohan ₹ 7,000 were recorded in purchases book.
(b) Credit Purchases from Rohan ₹ 900 were recorded in sales book.
(c) Goods returned to Rakesh ₹ 4,000 were recorded in the sales return book.
(d) Goods returned from Mahesh ₹ 1,000 were recorded in purchases return book.
(e) Goods returned from Mahesh ₹ 2,000 were recorded in purchases book.


Rectify the following errors and ascertain the amount of difference in trial balance by preparing suspense account:
(a) Credit sales to Mohan ₹ 7,000 were not posted
(b) Credit purchases from Rohan ₹ 9,000 were not posted.
(c) Goods returned to Rakesh ₹ 4,000 were not posted.
(d) Goods returned from Mahesh ₹ 1,000 were not posted.
(e) Cash paid to Ganesh ₹ 3,000 was not posted.
(f) Cash sales ₹ 2,000 were not posted.


Rectify the following errors assuming that suspense account was opened. Ascertain the difference in trial balance.
(a) Credit sales to Mohan ₹ 7,000 were recorded in Purchase Book. However, Mohan’s account was correctly debited.
(b) Credit purchases from Rohan ₹ 9,000 were recorded in sales book. However, Rohan’s account was correctly credited.
(c) Goods returned to Rakesh ₹ 4,000 were recorded in sales return book. However, Rakesh’s account was correctly debited.
(d) Goods returned from Mahesh ₹ 1,000 were recorded through purchases return book. However, Mahesh’s account was correctly credited.
(e) Goods returned to Naresh ₹ 2,000 were recorded through purchases book. However, Naresh’s account was correctly debited.


Rectify the following errors:
(a) Depreciation provided on machinery ₹ 4,000 was not posted.
(b) Bad debts written off ₹ 5,000 were not posted.
(c) Discount allowed to a debtor ₹ 100 on receiving cash from him was not posted.
(d) Discount allowed to a debtor ₹ 100 on receiving cash from him was not posted to discount account.
(e) Bill receivable for ₹ 2,000 received from a debtor was not posted.


Rectify the following errors:
(a) Depreciation provided on machinery ₹ 4,000 was posted as ₹ 400.
(b) Bad debts written off ₹ 5,000 were posted as ₹ 6,000.
(c) Discount allowed to a debtor ₹ 100 on receiving cash from him was posted as ₹ 60.
(d) Goods withdrawn by proprietor for personal use ₹ 800 were posted as ₹ 300.
(e) Bill receivable for ₹ 2,000 received from a debtor was posted as ₹ 3,000.


Give journal entries to rectify the following errors assuming that suspense account had been opened.
(a) Goods distributed as free sample ₹ 5,000 were not recorded in the books.
(b) Goods withdrawn for personal use by the proprietor ₹ 2,000 were not recorded in the books.
(c) Bill receivable received from a debtor ₹ 6,000 was not posted to his account
(d) Total of returns inwards book ₹ 1,200 was posted to Returns outwards account.
(e) Discount allowed to ₹ 700 on receiving cash from her was recorded in the books as ₹ 70.


Trial balance of John did not agree. He put the difference to suspense account and discovered the following errors:
(a) In the sales book for the month of January total of page 2 was carried forward to page 3 as ₹ 1,000 instead of ₹ 1,200 and total of page 6 was carried forward to page 7 as ₹ 5,600 instead of ₹ 5,000.
(b) Wages paid for installation of machinery ₹ 500 was posted to wages account as ₹ 50.
(c) Machinery purchased from R and Co. for ₹ 10,000 on credit was entered in Purchase Book as ₹ 6,000 and posted there from to R and Co. as ₹ 1,000.
(d) Credit sales to Mohan ₹ 5,000 were recorded in Purchases Book.
(e) Goods returned to Ram ₹ 1,000 were recorded in Sales Book.
(f) Credit purchases from S and Co. for ₹ 6,000 were recorded in sales book. However, S and Co. was correctly credited.
(g) Credit purchases from M and Co. ₹ 6,000 were recorded in Sales Book as ₹ 2,000 and posted there from to the credit of M and Co. as ₹ 1,000.
(h) Credit sales to Raman ₹ 4,000 posted to the credit of Raghvan as ₹ 1,000.
(i) Bill receivable for ₹ 1,600 from Noor was dishonoured and posted to debit of Allowances account.
(j) Cash paid to Mani ₹ 5,000 against our acceptance was debited to Manu.
(k) Old furniture sold for ₹ 3,000 was posted to Sales account as ₹ 1,000.
(l) Depreciation provided on furniture ₹ 800 was not posted.
(m) Material ₹ 10,000 and wages ₹ 3,000 were used for construction of building. No adjustment was made in the books.


 Rectify the following errors:

  1. Credit sales to Mohan  ₹7,000 were recorded as ₹700.
  2. Credit purchases from Rohan ₹9,000 were recorded as ₹900
  3. Goods returned to Rakesh₹ 4,000 were recorded as ₹400.
  4. Goods returned from Mahesh ₹ 1,000 were recorded as ₹100.

Rectify the following errors:

  1. Credit sales to Mohan ₹ 7,000 were recorded as ₹ 700.
  2. Credit purchases from Rohan ₹ 9,000 were recorded as ₹ 900.
  3. Goods returned to Rakesh ₹ 4,000 were recorded as ₹ 400.
  4. Goods returned from Mahesh ₹ 1,000 were recorded as ₹ 100.

Rectify the following errors:

  1. Credit sales to Mohan ₹ 7,000 were recorded as ₹ 700.
  2. Credit purchases from Rohan ₹ 9,000 were recorded as ₹ 900.
  3. Goods returned to Rakesh ₹ 4,000 were recorded as ₹ 400.
  4. Goods returned from Mahesh ₹ 1,000 were recorded as ₹ 100.

Rectify the following errors:

  1. Sales book overcast by ₹ 700.
  2. Purchases book overcast by ₹ 500.
  3. Sales return book overcast by ₹ 300.
  4. Purchase return book overcast by ₹ 200.

Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×