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Question 32 Chapter 10 – Unimax Publications of Class 11
32. Pass the entries to rectify the following errors with or without the help of suspense A/c:
(1) A credit sale of goods of ₹ 120 to Ramesh has been wrongly passed through the purchases book.
(2) ₹ 700, the total of sales return book has been passed to the debit of the purchases return a/c.
(3) A discount of ₹ 58.12 allowed to a customer has been credited to him as ₹ 56.21
(4) Unexpired insurance ₹ 500 has not been taken into account while preparing profit and loss a/c.
(5) Wages paid for the construction of office furniture was debited to wages account ₹ 200.
(6) Cash received from Gokul ₹ 500 was posted in the credit side of the cash book.
The solution of Question 32 Chapter 10 – Unimax Publications of Class 11
Journal
| Date | Particulars | L.F. | Debit | Credit | ||
| 1 | Ramesh A/c | Dr | 240 | |||
| To Sales A/c | 120 | |||||
| To Purchases A/c | 120 | |||||
| (Being goods purchases, was recorded in the book wrongly instead of sales, now rectified) | ||||||
| 2 | Sales returns A/c | Dr | 700 | |||
| To purchases returns A/c | 700 | |||||
| (Being total of sales return book debited to purchases return book, now rectified) | ||||||
| 3 | Suspense A/c | Dr | 1.91 | |||
| To Customer A/c | 1.91 | |||||
| (Being discount allowed to a customer credited to his a/c with, now rectified) | ||||||
| 4 | Prepaid A/c | Dr | 500 | |||
| To Insurance A/c | 500 | |||||
| (Being prepaid insurance not taken in a/c while preparing profits loss a/c, now rectified) | ||||||
| 5 | Furniture A/c | Dr | 200 | |||
| To Wages A/c | 200 | |||||
| (Being wages paid for construction of furniture debited to wages a/c, now rectified) | ||||||
| 6 | Cash A/c | Dr | 1,000 | |||
| To Gokul A/c | 1,000 | |||||
| (Being cash received entered wrongly in cash book, now rectified) | ||||||
| 2,641.91 | 2,641.91 | |||||
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