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Question 21 Chapter 10 – Unimax Publications of Class 11
21. Rectify the following errors:
(1) The total of one page of the sales book was carried forward to the next page as ₹ 2,785 instead of ₹ 2,587.
(2) A cheque of ₹ 400 received from Mohan was dishonoured and has been posted to the debit side of Allowance A/c.
(3) A return of goods worth ₹ 5,000 by a customer was entered in the purchase return book.
(4) A sum of ₹ 200 owed by X’s has been included in the list of sundry creditors.
(5) Sale of old furniture of ₹ 430 was credited to sales A/c as 340.
The solution to Question 21 Chapter 10 – Unimax Publications of Class 11
| Journal | ||||||
| Date | Particulars | L.F. | Debit | Credit | ||
| 1 | Sales A/c | Dr. | 198 | |||
| To Suspense A/c | 198 | |||||
| (Being total of sales book b/f as ₹ 2,785 instead of ₹ 2,587, now rectified) | ||||||
| 2 | Mohan’s A/c | Dr. | 400 | |||
| To Allowance A/c | 400 | |||||
| (Being Mohan’s cheque dishonoured Dr. to allowance a/c, now rectified) | ||||||
| 3 | Sales return A/c | Dr. | 5,000 | |||
| Purchases return A/c | Dr. | 5,000 | ||||
| To Customer’s A/c | 10,000 | |||||
| (Being goods returned by a customer entered in purchases returns book, now rectified) | ||||||
| 4 | Sundry creditors A/c | Dr. | 200 | |||
| Sundry debtors A/c | Dr. | 200 | ||||
| To Suspense A/c | 400 | |||||
| (Being owned by ‘X’ included in Sundry creditors, now rectified) | ||||||
| 5 | Sales A/c | Dr. | 340 | |||
| Suspense A/c | Dr. | 90 | ||||
| To Furniture A/c | 430 | |||||
| (Being Sale of old furniture was wrongly credited to the sales account with less amount, now rectified) | ||||||
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