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Question 6 Chapter 10 – Unimax Publications of Class 11
The Trial balance of a firm on 31st December 2019 has agreed. The following errors were subsequently discovered:
(1) On 31st December 2019, goods of the value of ₹ 376 were returned by Ram Saran and were taken into stock on the same date but no entry was passed in the books.
(2) An amount of ₹ 236 due from Lalta Prasad which had been written off as a debt in a previous year was unexpectedly recovered and had been posted to the personal account of Lalta Prasad.
(3) New machinery costing ₹ 1,115 purchased during the year had been entered in the purchases book and duly posted to purchases account.
(4) Repairs to plant amounting to ₹ 567 had been charged to plant and machinery account.
(5) A cheque of ₹ 128 received from Farid Alam was dishonoured and had been posted to the debit of sales return account. Give rectifying journal entries.
The solution of Question 6 Chapter 10 – Unimax Publications of Class 11
Journal
| Date | Particulars | L.F. | Debit | Credit | |
| 2019 | |||||
| Dec.31 | |||||
| 1 | Sales return A/c | Dr. | 376 | ||
| To Ram Saran’s A/c | 376 | ||||
| (Being goods return by Ram Saran but not recorded in a book, now rectified) | |||||
| 2 | Lalta Prasad’s A/c | Dr. | 236 | ||
| To Bad debts recovers A/c | 236 | ||||
| (Being due from Lalta Prasad written off as bad debts last year, unexpectally recovered, posted to his personal a/c, now rectified) | |||||
| 3 | Machinery A/c | Dr. | 1,155 | ||
| To Purchases A/c | 1,155 | ||||
| (Being new machinery purchase posted to purchases a/c, now rectified) | |||||
| 4 | Repairs A/c | Dr. | 567 | ||
| To Plant & machinery A/c | 567 | ||||
| (Being repair on plant & Machinery posted to plant & Machinery a/c, now rectified) | |||||
| 5 | Farid Alam’s A/c | Dr. | 128 | ||
| To sales returns A/c | 128 | ||||
| (Being Farid Aam’s cheque dishonoured and debited to sales returns a/c, now rectified) | |||||
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