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Page No 16.33:

Answer:

Journal 

Date

Particulars

L.F.

Debit

Amount

(Rs)

Credit

Amount

(Rs)

(i)

Suspense A/c

Dr.

 

10,000

 

 

 

To Purchases A/c

 

 

 

10,000

 

(Purchase book was overcastted by Rs 10,000, now rectified)

 

 

 

 

 

 

 

 

 

 

(ii)

Purchases Return A/c

Dr.

 

1,000

 

 

 

To Suspense A/c

 

 

 

1,000

 

(Purchase return book was overcastted by Rs 1,000, now rectified)

 

 

 

 

 

 

 

 

 

 

(iii)

Purchases Return A/c

Dr.

 

100

 

 

 

To Suspense A/c

 

 

 

100

 

(Purchase return book’s balance was carried forward in excess of Rs 100, now rectified)

 

 

 

 

 

 

 

 

 

 

(iv)

Suspense A/c

Dr.

 

1,000

 

 

   

To Purchases A/c

 

 

 

1,000

 

(Purchase book’s balance was  carried forward in excess of Rs 1,000, now rectified)

 

 

 

 

 

 

 

 

 

Page No 16.33:

Answer:

Journal 

Date

Particulars

L.F.

Debit

Amount

(Rs)

Credit

Amount

(Rs)

(i)

Suspense A/c

Dr.

 

5,000

 

 

 

To Sales A/c

 

 

 

5,000

 

(Sales book was undercasted by Rs 5,000, now rectified)

 

 

 

 

 

 

 

 

 

 

(ii)

Sales Return A/c

Dr.

 

500

 

 

 

  To Suspense A/c

 

 

 

500

 

(Sales return book was undercasted by Rs 500, now rectified)

 

 

 

 

 

 

 

 

 

 

(iii)

Suspense A/c

Dr.

 

1,000

 

 

 

To Sales A/c

 

 

 

1,000

 

(Sales book’ balance carried forward was short by Rs 1,000, now rectified)

 

 

 

 

 

 

 

 

 

 

(iv)

Sales Return A/c

Dr.

 

100

 

 

 

To Suspense A/c

 

 

 

100

 

(Sales return book’ balance carried forward was short by Rs 100, now rectified)

 

 

 

 

 

 

 

 

 

Page No 16.33:

Answer:

Journal 

Date

Particulars

L.F.

Debit

Amount

(Rs)

Credit

Amount

(Rs)

(i)

Sales A/c

Dr.

 

5,000

 

 

 

To Suspense A/c

 

 

 

5,000

 

(Sales book was overcasted by Rs 5,000, now rectified)

 

 

 

 

 

 

 

 

 

 

(ii)

Sales Return A/c

Dr.

 

500

 

 

 

To Suspense A/c

 

 

 

500

 

(Sales book was undercasted by Rs 500, now rectified)

 

 

 

 

 

 

 

 

 

 

(iii)

Sales A/c

Dr.

 

1,000

 

 

 

To Suspense A/c

 

 

 

1,000

 

(Sales book’s balance was  carried forward in excess by Rs 1,000, now rectified)

 

 

 

 

 

 

 

 

 

 

(iv)

Suspense A/c

Dr.

 

100

 

 

 

To Sales Return A/c

 

 

 

100

 

(Sales return book’s balance was  carried forward in excess by Rs 100, now rectified)

 

 

 

 

 

 

 

 

 

 

Page No 16.33:

Answer:

(i) Salary of Rs.5, 000 paid to Rahul was not posted to Salary A/c

Salaries Account

Dr.

 

Cr.

Particulars

Amount

(Rs)

Particulars

Amount

(Rs)

Cash A/c

5,000

 

 

 

 

 

 

 

 

 

 

 

(ii) Sales to Amrish of Rs 1,430 posted to his account as Rs 1,340

Amrish’s Account

Dr.

 

Cr.

Particulars

Amount

(Rs)

Particulars

Amount

(Rs)

Sales A/c

90

 

 

 

 

 

 

 

 

 

 

 

(iii) Sales to Vijay of Rs 2,470 posted to his account as Rs 2,740

Vijay’s Account

Dr.

 

Cr.

Particulars

Amount

(Rs)

Particulars

Amount

(Rs)

 

 

Sales A/c

270

 

 

 

 

 

 

 

 

 

(iv) Purchases from Pal of Rs1,430 posted to his account as Rs 1,340

Pal’s Account

Dr.

 

Cr.

Particulars

Amount

(Rs)

Particulars

Amount

(Rs)

 

 

Purchases A/c

90

 

 

 

 

 

 

 

 

 

Page No 16.33:

Answer:

'Total of Sales book has not been posted to Sales Account' will affect the Trial Balance because due to this Sales Account undercasts, which results in undercasting of credit side of Trial Balance.

Hence, the correct answer is option (i).



Page No 16.34:

Answer:

Journal

Date

Particulars

L.F.

Debit

Amount

Rs

Credit

Amount

Rs

 

Suspense A/c

Dr.

 

500

 

 

To Sales A/c

 

 

500

 

(Sales Book was added short, now rectified)

 

 

 

 

 

 

 

 

 

Purchases A/c

Dr.

 

5,000

 

 

To Suspense A/c

 

 

5,000

 

(Purchases Book was undercast, now rectified)

 

 

 

 

 

 

 

 

 

Suspense A/c

Dr.

 

1,500

 

 

To Purchases Return A/c

 

 

1,500

 

(Purchases Return Book was cast short now rectified)

 

 

 

 

 

 

 

 

 

Sales Return A/c

Dr.

 

200

 

 

To Suspense A/c

 

 

200

 

(Sales Return Book was undercast now rectified)

 

 

 

 

 

 

 

 

 

Page No 16.34:

Answer:

(i)

Return Inwards Book

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

 Rs

Date

Particulars

L.F.

Amount

 Rs

 

 

 

 

 

Over Casting of Return Inwards Book

 

200

 

 

 

 

 

 

 

 

(ii)

Purchases Account

Dr..

 

Cr.

Date

Particulars

L.F.

Amount Rs

Date

Particulars

L.F.

Amount

 Rs

 

Carry forwarding of Purchases Book Less

 

75

 

 

 

 

 

 

 

 

 

 

 

 

(iii)

Sales Account

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

Rs

Date

Particulars

L.F.

Amount

Rs

 

Net Carry forwarding of Sales Book excess

 

2

 

 

 

 

 

 

 

 

 

 

 

 

(iv)

Sales Account

Dr.

 

Cr.

Date

Particulars

L.F.

Amount Rs

Date

Particulars

L.F.

Amount 

Rs

 

 

 

 

 

Difference in the amount posted

 

36

 

 

 

 

 

 

 

 

 

Gautam Account

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

 Rs

Date

Particulars

L.F.

Amount

Rs

 

Difference in the amount posted

 

36

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Page No 16.34:

Answer:

Journal

Date

Particulars

L.F.

Debit

Amount

Rs

Credit

Amount

Rs

 

Purchases A/c

Dr.

 

2,150

 

 

To Suspense A/c

 

 

2,150

 

(Purchases Book was under cast now rectified)

 

 

 

 

 

 

 

 

 

Suspense A/c

Dr.

 

1,000

 

 

To K. Krishna

 

 

1,000

 

(Received from K. Krishna was wrongly debited, now rectified )

 

 

 

 

 

 

 

 

 

Drawings A/c

Dr.

 

3,000

 

 

To Travelling Expense A/c

 

 

3,000

 

(Amount withdrawn by proprietor for personal use wrongly posted to

 

 

 

 

Travelling Expenses Account, now rectified)

 

 

 

 

 

 

 

 

 

R.Gopalan

Dr.

 

18

 

 

To Suspense A/c

 

 

18

 

(R. Gopalan’s Account was debited by Rs 157 instead of Rs 175, now rectified

 

 

 

 

 

 

 

 

 

Page No 16.34:

Answer:

Journal 

Date

Particulars

L.F.

Debit

Amount

(Rs)

Credit

Amount

(Rs)

(i)

Purchases A/c

Dr.

 

10,000

 

 

 

To Suspense A/c

 

 

 

10,000

 

(Purchase of goods worth Rs 10,000 were omitted to be recorded, now rectified)

 

 

 

 

 

 

 

 

 

 

(ii)

Furniture A/c

Dr.

 

10,000

 

 

 

To Purchases A/c

 

 

 

10,000

 

(Purchase of office furniture was recorded in purchase book, now rectified)

 

 

 

 

 

 

 

 

 

 

(iii)

Rent A/c

Dr.

 

15,000

 

 

 

To Landlord’s A/c

 

 

 

15,000

 

(Office rent of Rs 15,000 was debited to Landlord’s personal account, now rectified)

 

 

 

 

 

 

 

 

 

 

(iv)

Sales  A/c

Dr.

 

5,000

 

 

 

To Machinery A/c

 

 

 

5,000

 

(Sale of machinery costing Rs 5,000 was credited to Sales A/c, now rectified)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Page No 16.34:

Answer:

Journal 

Date

Particulars

L.F.

Debit

Amount

(Rs)

Credit

Amount

(Rs)

(i)

Sales A/c

Dr.

 

5,000

 

 

 

To Furniture A/c

 

 

 

5,000

 

(Sale of old furniture treated as sale of goods, now rectified)

 

 

 

 

 

 

 

 

 

 

(ii)

Drawings A/c

Dr.

 

6,000

 

 

 

To Rent A/c

 

 

 

6,000

 

(Rent paid for proprietor’s residence treated as rent paid, now rectified)

 

 

 

 

 

 

 

 

 

 

(iii)

Brajesh’s A/c

Dr.

 

2,150

 

 

 

To Rajesh’s A/c

 

 

 

2,150

 

(Cash received from Rajesh, credited to Brajesh, now rectified)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Page No 16.34:

Answer:

Journal 

Date

Particulars

L.F.

Debit

Amount

(Rs)

Credit

Amount

(Rs)

(i)

Purchases A/c

Dr.

 

1,000

 

 

 

To Suspense A/c

 

 

 

1,000

 

(Purchases Book was undercasted by Rs 1,000, now rectified)

 

 

 

 

 

 

 

 

 

 

(ii)

Aru Prakash’s A/c

Dr.

 

14,000

 

 

 

To Sales A/c

 

 

 

7,000

 

 

To Purchases A/c

 

 

 

7,000

 

(Sales to Aru Prakash was recorded in Purchases Book, now rectified)

 

 

 

 

 

 

 

 

 

 

(iii)

Rahul’s A/c

Dr.

 

6,300

 

 

 

To Sales  A/c

 

 

 

6,300

 

(Sales to Rahul Rs 7,000 was recorded as Rs 700, now rectified)

 

 

 

 

 

 

 

 

 

Note:In the book, this transaction is incomplete, thus it has been assumed that ‘Credit sales to Rahul was recorded as Rs 700 instead of Rs 7,000’.

 

Page No 16.34:

Answer:

Journal

Date

Particular

L.F.

Debit

Amount

Rs

Credit

Amount

Rs

(i)

Sales A/c

Dr.

 

198

 

 

To Suspense A/c

 

 

198

 

(Carry forwarding Rs 2,785 instead of Rs 2,587, now rectified)

 

 

 

 

 

 

 

 

(ii)

Mohan

Dr.

 

400

 

 

To Allowance A/c

 

 

400

 

(A Cheque received from Mohan was dishonoured but debited wrongly to Allowance’s Account, now rectified)

 

 

 

 

 

 

 

 

(iii)

Sale Return A/c

Dr.

 

5,000

 

 

Purchases Return A/c

Dr.

 

5,000

 

 

To Customer / Debtor

 

 

10,000

 

(Goods return by a customer was recorded wrongly to Purchase Return Book, now rectified)

 

 

 

 

 

 

 

 

(iv)

Sundry Creditors

Dr.

 

200

 

 

Sundry Debtors

Dr.

 

200

 

 

To X

 

 

400

 

(Amount owed by X was included in Sundry Creditors, now rectified)

 

 

 

 

 

 

 

 

(v)

Sales A/c

Dr.

 

340

 

 

Suspense A/c

Dr.

 

90

 

 

To Furniture A/c

 

 

430

 

(Sale of Old furniture Rs 430 was wrongly debited to Sales Account for Rs 340, now rectified)

 

 

 

 

 

 

 

 

 



Page No 16.35:

Answer:

Journal

Date

Particular

L.F.

Debit

Amount

Rs

Credit

Amount

Rs

(i)

Suspense A/c

Dr.

 

500

 

 

To Purchases A/c

 

 

500

 

(Purchase Book was over cast now rectified)

 

 

 

 

 

 

 

 

(ii)

Salaries A/c

Dr.

 

3,000

 

 

To Mr. Ajay

 

 

3,000

 

(Salary paid to Mr. Ajay was debited wrongly to Mr. Ajay’s Account)

 

 

 

 

 

 

 

 

(iii)

Shashi

Dr.

 

600

 

 

To Sales A/c

 

 

300

 

To Purchases A/c

 

 

300

 

( Goods sold to Shashi was wrongly passed through Purchases Book, now rectified)

 

 

 

 

 

 

 

 

(iv)

Return Inwards A/c

Dr.

 

9

 

 

To Suspense A/c

 

 

9

 

(Return Inwards Book was added short by Rs 9, now rectified)

 

 

 

 

 

 

 

 

(v)

Furniture A/c

Dr.

 

35

 

 

Happy Traders A/c

Dr.

 

18

 

 

To Purchases A/c

 

 

53

 

(Purchase of Chair Rs 35 was recorded in the Purchases Book As Rs 53, now rectified)

 

 

 

 

 

 

 

 

 

Page No 16.35:

Answer:

Journal

Date

Particulars

L.F.

Debit

Amount

Rs

Credit

Amount

Rs

(i)

Suspense A/c

Dr.

 

5,000

 

 

To Salaries A/c

 

 

5,000

 

(Payment of Salaries Rs 5,000 was posted twice wrongly in Salaries Account, now rectified)

 

 

 

 

 

 

 

 

(ii)

Suspense A/c

Dr.

 

750

 

 

To Rajesh

 

 

750

 

(Received Rs 750 from Rajesh was omitted to be posted his account, now rectified)

 

 

 

 

 

 

 

 

(iii)

Sales A/c

Dr.

 

3,000

 

 

To Suspense A/c

 

 

3,000

 

(Sales was overcast, now rectified)

 

 

 

 

 

 

 

 

(iv)

Advertisement A/c

Dr.

 

2,000

 

 

To Purchases A/c

 

 

2,000

 

(Goods distributed as free sample were not recorded, now recorded)

 

 

 

 

 

 

 

 

 

Page No 16.35:

Answer:

Journal

Date

Particulars

L.F.

Debit

Amount

Rs

Credit

Amount

Rs

(i)

Vinod

Dr.

 

9

 

 

To Suspense A/c

 

 

9

 

(Rs 9 was posted less in Vinod’s Account, now rectified)

 

 

 

 

 

 

 

 

(ii)

Vinod

Dr.

 

9

 

 

To Suspense A/c

 

 

9

 

(Vinod’s Account was wrongly debited with Rs 9 less, now rectified)

 

 

 

 

 

 

 

 

(iii)

Vinod

Dr.

 

277

 

 

To Suspense A/c

 

 

277

 

(Sales to Vinod of Rs 143 was wrongly credited as Rs 134, now rectified)

 

 

 

 

 

 

 

 

 

Page No 16.35:

Answer:

Journal

Date

Particulars

L.F.

Debit

Amount

Rs

Credit

Amount

Rs

(i)

Monoj

Dr.

 

18,000

 

 

To Sales A/c

 

 

18,000

 

(Sales Rs 20,000 was recorded wrongly as Rs 2,000, now rectified)

 

 

 

 

 

 

 

 

(ii)

Machinery A/c

Dr.

 

25,000

 

 

To Wages A/c

 

 

25,000

 

(Amount spent on Installation of machinery was debited wrongly to Wages Account, now rectified)

 

 

 

 

 

 

 

 

(iii)

Sales Return A/c

Dr.

 

4,750

 

 

To Suspense A/c

 

 

4,750

 

(Sales Return Book was undercast, now rectified)

 

 

 

 

 

 

 

 

(iv)

Mahesh

Dr.

 

6,000

 

 

To Sales A/c

 

 

3,000

 

To Purchases A/c

 

 

3,000

 

(Goods sold to Mahesh was recorded wrongly in Purchases Book now rectified)

 

 

 

 

 

 

 

 

 

Page No 16.35:

Answer:

Books of Mohan Lal

Journal

Date

Particulars

L.F.

Debit

Amount

Rs

Credit

Amount

Rs

(i)

Depreciation A/c

Dr.

 

1,500

 

 

To Suspense A/c

 

 

1,500

 

(Amount of depreciation was not debited in Depreciation Account ,now recorded)

 

 

 

 

 

 

 

 

(ii)

Return Outwards A/c

Dr.

 

85

 

 

To Suspense A/c

 

 

85

 

(Return Outwards Book was overcast, now rectified)

 

 

 

 

 

 

 

 

(iii)

Suspense A/c

Dr.

 

1,000

 

 

To Basu Dev

 

 

1,000

 

(Goods returned by Basu Dev was wrongly debited to his account, now rectified)

 

 

 

 

 

 

 

 

(iv)

Suspense A/c

Dr.

 

4,500

 

 

To Krishna Mohan

 

 

4,500

 

(Krishna Mohan’s Account was wrongly debited, now rectified)

 

 

 

 

 

 

 

 

 

Page No 16.35:

Answer:

Books of Hari

Journal

Date

Particulars

L.F.

Debit

Amount

Rs

Credit

Amount

Rs

(i)

Suspense A/c

Dr.

 

180

 

 

To R. Krishan

 

 

180

 

(Goods sold to R. Krishan of Rs 132 was posted as Rs 312 in his account, now rectified)

 

 

 

 

 

 

 

 

(ii)

Ramesh A/c

Dr.

 

2,000

 

 

To Suspense A/c

 

 

2,000

 

(Credit side of Ramesh's Account overcast, now rectified)

 

 

 

 

 

 

 

 

(iii)

Purchases A/c

Dr.

 

45

 

 

To Suspense A/c

 

 

45

 

(Total of Purchases Book was posted less by 45, now rectified)

 

 

 

 

 

 

 

 

(iv)

Typewriter A/c

Dr.

 

4,000

 

 

To Purchases A/c

 

 

4,000

 

(Purchase of type writer was wrongly posted to Purchases Account, now rectified)

 

 

 

         
(v) Suspense A/c                                                                               Dr.   4,000  
      To Pandey's A/c     4,000
  (Amount wrongly debited to Pandey's Account for Goods returned by him, now rectified)      
         

 

 

 

 

 

 



Page No 16.36:

Answer:

Journal

Date

Particulars

L.F.

Debit

Amount

Rs

Credit

Amount

Rs

(i)

Purchases A/c

Dr.

 

5,000

 

 

To Ram

 

 

5,000

 

(Purchases from Ram was omitted to be recorded , now recorded)

 

 

 

 

 

 

 

 

(ii)

Sales A/c

Dr.

 

18

 

 

To M/s Good luck & Co

 

 

18

 

( Sale of Goods Rs 257 to M/s Goodluck & Co was wrongly recorded as Rs 275, now rectified)

 

 

 

 

 

 

 

 

(iii)

Office Furniture A/c

Dr.

 

500

 

 

To Purchase A/c

 

 

500

 

(Purchases of Office furniture was wrongly recorded to Purchases Account, now rectified)

 

 

 

 

 

 

 

 

(iv)

Rent A/c

Dr.

 

500

 

 

To Landlord

 

 

500

 

(Rent paid was debited wrongly to Landlord Account, now rectified)

 

 

 

 

 

 

 

 

(v)

Drawing Account Rs 2,000 will be shown in the debit column of Trial Balance

 

 

 

 

 

 

 

 

 

Page No 16.36:

Answer:

Journal

Date

Particulars

L.F.

Debit

Amount

Rs

Credit

Amount

Rs

(i)

Suspense A/c

Dr.

 

540

 

 

To Ram

 

 

540

 

(Credit Sale to Ram Rs 170 was debited to his account as Rs 710, now rectified)

 

 

 

 

 

 

 

 

(ii)

Shyam

Dr.

 

63

 

 

To Purchases A/c

 

 

63

 

(Credit purchases from Shyam Rs 229 was recorded wrongly as Rs 292, now rectified)

 

 

 

 

 

 

 

 

(iii)

Suspense A/c

Dr.

 

200

 

 

To Sales A/c

 

 

200

 

(Sale Book was undercast, now rectified)

 

 

 

 

 

 

 

 

(iv)

Purchases A/c

Dr.

 

900

 

 

To Suspense A/c

 

 

900

 

(Credit purchase of Rs 2,100 from Sohan was wrongly recorded as Rs 1,200, now rectified)

 

 

 

 

 

 

 

 

(v)

Return Inwards A/c

Dr.

 

100

 

 

To Suspense A/c

 

 

100

 

(Return Inwards Book was undercast, now rectified)

 

 

 

 

 

 

 

 

 

Page No 16.36:

Answer:

Journal

Date

Particulars

L.F.

Debit

Amount

Rs

Credit

Amount

Rs

(i)

Madan

Dr.

 

5,400

 

 

To Sales A/c

 

 

5,400

 

(Sale of Goods to Madan Rs 6,000 was wrongly recorded as Rs 600)

 

 

 

 

 

 

 

 

(ii)

Sales A/c

Dr.

 

2,000

 

 

Purchases A/c

Dr.

 

2,000

 

 

To Mohan

 

 

4,000

 

(Purchases of goods from Mohan was wrongly recorded in the Sales Book, now rectified)

 

 

 

 

 

 

 

 

(iii)

Sales Return A/c

Dr.

 

500

 

 

Purchases Return A/c

Dr.

 

500

 

 

To Customer A/c

 

 

1,000

 

(Sales Return was entered wrongly in Purchases Return Book, now rectified)

 

 

 

 

 

 

 

 

(iv)

Rajan

Dr.

 

400

 

 

To Discount A/c

 

 

400

 

(Discount Account was debited wrongly on dishonour of Rajan’s Cheque, now rectified)

 

 

 

 

 

 

 

 

(v)

Repair A/c

Dr.

 

820

 

 

To Purchases A/c

 

 

720

 

To Ramesh A/c

 

 

100

 

(Repair of Machinery Rs 820 was recorded wrongly to Purchases Book now rectified)

 

 

 

 

 

 

 

 

 

Page No 16.36:

Answer:

Journal

Date

Particular

L.F.

Debit

Amount

Rs

Credit

Amount

Rs

(i)

Madan

Dr.

 

5,400

 

 

To Sales A/c

 

 

5,400

 

(Sale of Goods Rs 6,000 to Madan was wrongly recorded as Rs 600)

 

 

 

 

 

 

 

 

(ii)

Purchases A/c

Dr.

 

1,500

 

 

Sales A/c

Dr.

 

1,500

 

 

To Ajay

 

 

3,000

 

(Purchase of Goods from Ajay was wrongly passed through Sales Book)

 

 

 

 

 

 

 

 

(iii)

Repair A/c

Dr.

 

300

 

 

To Building A/c

 

 

300

 

(Repair of Building Rs 300 was wrongly debited to Building Account,now rectified)

 

 

 

 

 

 

 

 

(iv)

Rohit

Dr.

 

2,050

 

 

Suspense A/c

Dr.

 

2,970

 

 

To Mohit

 

 

5,020

 

(Payment to Rohit Rs 2,050 was wrongly debited Mohit’s Account as Rs 5,020, now rectified)

 

 

 

 

 

 

 

 

(v)

Purchases Return A/c

Dr.

 

400

 

 

To Suspense A/c

 

 

400

 

(Purchase Return Book was overcast now rectified)

 

 

 

 

 

 

 

 

 

Page No 16.36:

Answer:

Journal

Date

Particulars

L.F.

Debit

Amount

Rs

Credit

Amount

Rs

(i)

Suspense A/c

Dr.

 

10,800

 

 

To Mr.A

 

 

10,800

 

(Received Rs 5,400 from Mr A was wrongly debited to his Account, now rectified)

 

 

 

 

 

 

 

 

(ii)

Suspense A/c

Dr.

 

800

 

 

To Sales Return A/c

 

 

800

 

(Sales Return Book was overcast, now rectified)

 

 

 

 

 

 

 

 

(iii)

Repair A/c

Dr.

 

2,740

 

 

To Motor Car A/c

 

 

1,740

 

To Suspense A/c

 

 

1,000

 

(Repairs of Motor Cars Rs 2,740 was wrongly debited to Motor Car Account as Rs 1,740, now rectified)

 

 

 

 

 

 

 

 

(iv)

Shyam

Dr.

 

3,000

 

 

To Return Inwards A/c

 

 

1,500

 

To Return Outwards A/c

 

 

1,500

 

(Return Outward to Shyam was wrongly recorded in the Return Inwards Book, now rectified)

 

 

 

 

 

 

 

 

 



Page No 16.37:

Answer:

Journal

Date

Particulars

L.F.

Debit

Amount

Rs

Credit

Amount

Rs

(i)

Discount Received A/c

Dr.

 

200

 

 

To Discount Allowed A/c

 

 

200

 

(On dishonour of Ranjan’s cheque, instead of crediting Discount Allowed Account, Discount Received Account was wrongly credited, now rectified)

 

 

 

 

 

 

 

 

 

 

 

 

 

(ii)

Machinery A/c

Dr.

 

2,000

 

 

To Wages A/c

 

 

2,000

 

(Wages paid for Installation of Machinery was debited wrongly to Wages Account, now rectified)

 

 

 

 

 

 

 

 

(iii)

Rakesh A/c

Dr.

 

5,000

 

 

To Bad Debt Recovered A/c

 

 

5,000

 

(Cash received from Rakesh was Credited wrongly to Rakesh’s Account was previously written

 

 

 

 

off as Bad Debt, now rectified)

 

 

 

 

 

 

 

 

(iv)

Since error is made at time of recording so correct entry would be

 

 

 

 

Repair A/c

Dr.

 

900

 

 

To Cash A/c

 

 

900

 

(Repair bill Rs 1,000 was recorded as Rs 100, now rectified)

 

 

 

 

 

 

 

 

 

Page No 16.37:

Answer:

Journal

Date

Particulars

L.F.

Debit

Amount

Rs

Credit

Amount

Rs

(i)

Suspense A/c

Dr.

 

1,000

 

 

To Sales A/c

 

 

1,000

 

(Sales Book was undercast, now rectified)

 

 

 

 

 

 

 

 

(ii)

Sales Return A/c

Dr.

 

1,500

 

 

To Green & Co

 

 

1,500

 

(Goods returned by Green & Co was not recorded, now recorded)

 

 

 

 

 

 

 

 

(iii)

Suspense A/c

Dr.

 

5,000

 

 

To Gupta & Co

 

 

5,000

 

(Goods purchased of Rs 2,500 from Gupta & Co was wrongly debited to his account, now rectified)

 

 

 

 

 

 

 

 

(iv)

Furniture A/c

Dr.

 

10,000

 

 

To Purchases A/c

 

 

10,000

 

(Purchase of goods Rs 10,000 was debited wrongly to Purchases Book, now rectified)

 

 

 

 

 

 

 

 

(v)

Suspense A/c

Dr.

 

2,500

 

 

To A

 

 

2,500

 

(Cash received from A was not posted to his account, now rectified)

 

 

 

 

 

 

 

 

 

Page No 16.37:

Answer:

Journal

Date

Particulars

L.F.

Debit

Amount

Rs

Credit

Amount

Rs

(i)

Repair A/c

Dr.

 

500

 

 

To Building A/c

 

 

500

 

(Repair of building was debited wrongly to Building Account, now rectified)

 

 

 

 

 

 

 

 

(ii)

Furniture A/c

Dr.

 

5,000

 

 

To X

 

 

5,000

 

(Furniture purchased from X was omitted to be recorded, now recorded)

 

 

 

 

 

 

 

 

(iii)

Return Inwards A/c

Dr.

 

50

 

 

To Suspense A/c

 

 

50

 

(Return Inwards Book was added short, now rectified)

 

 

 

 

 

 

 

 

(iv)

Sales A/c

Dr.

 

500

 

 

To Suspense A/c

 

 

500

 

(Sales Book was overcast, now rectified)

 

 

 

 

 

 

 

 

(v)

Sales A/c

Dr.

 

600

 

 

To Machinery A/c

 

 

600

 

(Sale of Machinery was Credited wrongly to Sales Book, now rectified)

 

 

 

 

 

 

 

 

 

Page No 16.37:

Answer:

Journal

Date

Particulars

L.F.

Debit

Amount

Rs

Credit

Amount

Rs

(i)

Purchases A/c

Dr.

 

150

 

 

Sales A/c

Dr.

 

150

 

 

To David

 

 

300

 

(Purchase of Goods from David was wrongly passed through Sales Book, now rectified)

 

 

 

 

 

 

 

 

(ii)

Peter

Dr.

 

240

 

 

To Sales A/c

 

 

120

 

To Purchases A/c

 

 

120

 

(Sale of goods to Peter was wrongly passed through Purchases Book, now rectified)

 

 

 

 

 

 

 

 

(iii)

Salaries A/c

Dr.

 

200

 

 

To B. Naidu

 

 

200

 

(Salary paid to B. Naidu was passed wrongly to his account, now rectified)

 

 

 

 

 

 

 

 

(iv)

Shah & Co

Dr.

 

100

 

 

To Shaw & Co

 

 

100

 

(Received Rs 100 from Shaw & Co was wrongly entered in Shah & Co’s account, now rectified)

 

 

 

 

 

 

 

 

(v)

Ramesh

Dr.

 

840

 

 

To Suspense A/c

 

 

840

 

(Amount twice Credit to Ramesh’s Account, now rectified)

 

 

 

 

 

 

 

 

 

Page No 16.37:

Answer:

(i) The following are the causes that make a Trial Balance incorrect.

1) Incomplete posting of Journal Entry

2) Posting in the wrong side of Account.

3) Wrong totalling of Subsidiary Books

4) Wrong balance of Account

5) Omission of total of Subsidiary book into Account

6) Wrong totalling of the Trial Balance

(ii)

Journal

Date

Particulars

L.F.

Debit

Amount

Rs

Credit

Amount

Rs

(a)

Krishna

Dr.

 

5,000

 

 

To Sales A/c

 

 

2,500

 

To Purchases A/c

 

 

2,500

 

(Credit Sale of goods to Krishna was posted wrongly to Purchases Book, now rectified)

 

 

 

 

 

 

 

 

(b)

Machinery A/c

Dr.

 

5,000

 

 

To Freight

 

 

500

 

To Suspense A/c

 

 

4,500

 

(Freight Rs 5,000 paid on machinery was wrongly recorded in Freight Account as Rs 500)

 

 

 

 

 

 

 

 

(c)

Suspense A/c

Dr.

 

100

 

 

To Return Inwards A/c

 

 

100

 

(Return Inwards Book was overcast, now rectified)

 

 

 

 

 

 

 

 

(d)

Ramesh

Dr.

 

500

 

 

To Bad Debt Recovered A/c

 

 

500

 

(Received Rs 500 which previously written off as Bad debt wrongly credited to Ramesh Account, now rectified)

 

 

 

 

 

 

 

 

(v)

Sundry Debtors A/c

Dr.

 

460

 

 

To Hari

 

 

460

 

(Hari which was not in the List of Sundry Debtors, now recorded)

 

 

 

 

 

 

 

 

 



Page No 16.38:

Answer:

Journal

Date

Particulars

L.F.

Debit

Amount

Rs

Credit

Amount

Rs

(i)

Building A/c

Dr.

 

5,000

 

 

To Wages A/c

 

 

5,000

 

(Wages paid for construction of office was debited wrongly to Wages Account, now rectified)

 

 

 

 

 

 

 

 

(ii)

Machinery A/c

Dr.

 

35,000

 

 

To Purchases A/c

 

 

35,000

 

(Purchase of Machinery was recorded wrongly in Invoice Book, now rectified)

 

 

 

 

 

 

 

 

(iii)

Sales A/c

Dr.

 

1,000

 

 

To Furniture A/c

 

 

1,000

 

(Sale of Old Furniture was passed wrongly to Sales Book, now rectified)

 

 

 

 

 

 

 

 

(iv)

Bills Payable A/c

Dr.

 

2,000

 

 

To Malhotra Bros.

 

 

2,000

 

(Amount paid against acceptance to Mehta Bros was wrongly debited to Malhotra Bros, now rectified)

 

 

 

 

 

 

 

 

(v)

Shyam

Dr.

 

198

 

 

To Ram

 

 

198

 

(Sales to Ram Rs 204 was debited to his account as Rs 402 and Purchase from Shyam Rs

 

 

 

 

1,012 was Credited to his account as Rs 1,210, now rectified)

 

 

 

 

Page No 16.38:

Answer:

Books of Ram Gopal

Journal

Date

Particulars