Question 14 Chapter 10 – Unimax Publications of Class 11

Question 14 Chapter 10 – Unimax Publications of Class 11

Correct the following errors:
(1) A sale of ₹ 300 was made to X and entered correctly in the sales book, but posted to the debit of Y as ₹ 30.
(2) The returns inward book includes an item of ₹ 150 which has been posted to the debit of a customer.
(3) ₹ 350 spent for repair of building has been debited to building account.
(4) Furniture worth ₹ 500 purchases from X on credit omitted to be recorded in the books.
(5) The total if returns inward book was added ₹ 200 instead of ₹ 250.
(6) Sales book was overcast by ₹ 500.
(7) A sales of old machinery amounting to ₹ 600 has been credited to sales account.

The solution of Question 14 Chapter 10 – Unimax Publications of Class 11

Journal

Date	Particulars			L.F.	Debit	Credit

1	X’s A/c	Dr.			300
	To Suspense A/c					300
	(Being sales to X’s of ₹ 300 debited to Y’s a/c as ₹ 30, now rectified)
2	Suspense A/c	Dr.			300
	To Customer’s A/c					300
	(Being return inward book include an item of ₹ 150 posted to Dr. of a customer, now rectified)
3	Repair A/c	Dr.			350
	To Building A/c					350
	(Being repair of building has been debited to building a/c, now rectified)

4	Furniture A/c	Dr.			500
	To X’s A/c					500
	(Being furniture purchases from X omitted to be recorded, now rectified)

5	Returns inward A/c	Dr.			2,000
	To Suspense A/c					2,000
	(Being returns inward book added ₹ 200 instead of ₹250, now rectified)

6	Sales A/c	Dr.			500
	To Suspense A/c					500
	(Being sales book overcast, now rectified)

7	Sales A/c		dr.		600
	To Machinery A/c					600
	(Being sales of old machinery credited to sales a/c, now rectified)

The solution of Question 14 Chapter 10 – Unimax Publications of Class 11

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