Question 32 Chapter 10 – Unimax Publications of Class 11

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

The solution of Question 32 Chapter 10 – Unimax Publications of Class 11

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