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Question 3 Chapter 10 – Unimax Publications of Class 11
Give the necessary entries to correct the following errors:
- ₹ 520 received from H has been posted to the credit of T account.
- New machinery costing ₹ 6,000 has been debited to machinery repair account.
- Private expenses of ₹ 100 have been posted to office expenses account
The solution of Question 3 Chapter 10 – Unimax Publications of Class 11
Journal
| Date | Particulars | L.F. | Debit | Credit | ||
| (a) | T’s A/c | Dr. | 520 | |||
| To H’s A/c | 520 | |||||
| (Being cash received from H wrongly posted to credit of T’s a/c, now rectified) | ||||||
| (b) | Machinery A/c | Dr. | 6,000 | |||
| To Repair A/c | 6,000 | |||||
| (Being new machinery purchases, debited to repairs a/c, now rectified) | ||||||
| (c) | Drawing A/c | Dr. | 100 | |||
| To Office expenses A/c | 100 | |||||
| (Being private expenses posted to office expenses a/c, now rectified) | ||||||
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