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Question 19 Chapter 10 – Unimax Publications of Class 11
There was a difference of ₹ 720 in trial balance which has been transferred to credit side of suspense account. Pass rectifying entries and prepare suspense account to rectify the following errors.
(1) An amount of ₹ 375 posed in the debit side of commission account instead of ₹ 275.
(2) Credit amount of ₹ 260 posted to debit of personal account as ₹ 360.
(3) Goods sold to Surinder recorded in purchases book ₹ 300.
(4) D’s bill for erections of godown at a cost of ₹ 1,200 has been charged to Repair account.
The solution of Question 19 Chapter 10 – Unimax Publications of Class 11
| Journal | |||||
| Date | Particulars | L.F. | Debit | Credit | |
| 1 | Suspense A/c | Dr. | 100 | ||
| To Commission A/c | 100 | ||||
| (Being ₹ 375 posted to debit of commission a/c instead of ₹ 275, now rectified) | |||||
| 2 | Suspense A/c | Dr. | 620 | ||
| To personal A/c | 620 | ||||
| (Being credit amount posted to debit of personal a/c, now rectified) | |||||
| 3 | Surinder’s A/c | Dr. | 600 | ||
| To Sales A/c | 300 | ||||
| To Purchases A/c | 300 | ||||
| (Being goods sold to Surinder posted to purchases book) | |||||
| 4 | Building A/c | Dr. | 1,200 | ||
| To Repairs A/c | 1,200 | ||||
| (Being erection of godown charged to repair a/c, now rectified) | |||||
| Dr. | Suspense A/c | Cr. | |||||
| Date | Particulars | J.F. | Amount | Date | Particulars | J.F. | Amount |
| To Commission A/c | 100 | By Balance b/d | 720 | ||||
| To personal A/c | 620 | ||||||
| 720 | 720 | ||||||
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