Question 34 Chapter 10 – Unimax Publications of Class 11 -

Question 34 Chapter 10 – Unimax Publications of Class 11

34 Rectify the following errors assuming that suspense account was opened. Ascertain the difference in trial balance.
(a) Furniture purchases for ₹ 10,000 wrongly debited to Purchases account as ₹ 4,000.
(b) Machinery purchases on credit form Raman for ₹ 20,000 recorded through purchases book as ₹ 6,000.
(c) Repair on machinery ₹ 1,400 debited to machinery account as ₹ 2,400.
(d) Repair on overhauling of second hand machinery purchases ₹ 2,000 was debited to Repairs account as ₹ 200.
(e) Sales of old machinery at book value ₹ 3,000 was credited to sales account as ₹ 5,000.

The solution of Question 34 Chapter 10 – Unimax Publications of Class 11

Journal

Date	Particulars		L.F.	Debit	Credit

a.	Furniture A/c	Dr		10,000
	To Purchases returns A/c				4,000
	To Suspense A/c				6,000
	(Being furniture purchases debited to purchases a/c with wrong amount, now rectified)
b.	Machinery A/c	Dr		20,000
	To Purchases A/c				6,000
	To Suspense A/c				14,000
	(Being machinery purchases on credit passed through purchases book with wrong amount, now rectified)

c.	Repair A/c	Dr		1,400
	Suspense A/c	Dr		1,000
	To Purchases A/c				2,400
	(Being repair to machinery debited to machinery a/c with wrong amount, now rectified)

d.	Machinery A/c	Dr		2,000
	To Repair A/c				200
	To Suspense A/c				1,800
	(Being overhauling expenses on second hand machinery entered in repair wrongly, now rectified)

e.	Sales A/c	Dr		5,000
	To Machinery A/c				3,000
	To Suspense A/c				2,000
	(Being sales of machinery credited to sales a/c wrongly with wrong amount, now rectified)
				39,400	39,400

Dr.	Suspense A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
	To Different in trial balance		22,800		By Furniture A/c		6,000
	To Machinery A/c		1000		To Machinery A/c		14,000
					To Machinery A/c		1,800
					To Sales A/c		2,000
			23,800				23,800

The solution of Question 34 Chapter 10 – Unimax Publications of Class 11

Leave a Reply Cancel reply