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Question 27 Chapter 10 – Unimax Publications of Class 11
27 A book-keeper while balance his books finds that he is out excess credit ₹ 88. Being required to prepare the final accounts, he place the difference to a newly opened suspense account while he carried froward to the next year. The following mistakes were discovered.
(1) Goods bought from a merchant amount to ₹ 5 had been posted to the credit of his account as ₹ 55.
(2) A dishonoured bill of exchange received for ₹ 200 returned by the bank has been credited to the bank A/c and debited to B/R A/c.
(3) An item of ₹ 10 entered in the sales return book had been posted to then debit of the customer who returned the goods.
(4) Sundry items of plant sold amount to₹ 260 had been entered in the sales day book.
(5) An amount of ₹ 60, owing by a customer had been omitted from the schedule of sundry debtors.
(6) Discount amounting to ₹ 2 from a creditor had been duly entered in his account but not posted to discount A/c
The solution of Question 27 Chapter 10 – Unimax Publications of Class 11
Journal
| Date | Particulars | L.F. | Debit | Credit | ||
| 1 | Merchant’s A/c | Dr. | 50 | |||
| To Sales A/c | 2,500 | |||||
| (Being goods bought from Merchant of ₹ 05 posted to credit of his a/c as ₹ 55, now rectified) | ||||||
| 2 | Debtors A/c | Dr. | 200 | |||
| To Bills receivable A/c | 200 | |||||
| (Being bill receivable dishonoured & credited to Bank & debit of B/R now rectified) | ||||||
| 3 | Suspense A/c | Dr. | 20 | |||
| To Customer’s A/c | 20 | |||||
| (Being goods returned by customer entered in debit of his a/c, now rectified) | ||||||
| 4 | Sales A/c | Dr. | 260 | |||
| To Plant A/c | 260 | |||||
| (Being plant sold entered in sales book, now rectified) | ||||||
| 5 | Sundry debtors A/c | Dr. | 60 | |||
| To Suspense A/c | 60 | |||||
| (Being customer not entered in sundry debtors, now rectified) | ||||||
| 6 | Suspense A/c | Dr. | 2 | |||
| To discount A/c | 2 | |||||
| (Being discount from a credit entered in his account but not posted to discount a/c, now rectified) | ||||||
| Dr. | Suspense A/c | Cr. | |||||
| Date | Particulars | J.F. | Amount | Date | Particulars | J.F. | Amount |
| To Balance b/d | 88 | By Machinery A/c | 50 | ||||
| To Customer A/c | 20 | By Sundry debtors A/c | 60 | ||||
| To Discount A/c | 02 | ||||||
| 110 | 110 | ||||||
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