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11th Accountancy - Rectification of Errors Model Question Paper

Published on: 12/12/2019

Rectification of Errors

Download Tamil Nadu 11th Standard Accountancy question papers, model tests, one-mark questions, important questions, and public exam papers in PDF format. Free study materials and answer keys for TN State Board students.

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Questions:

Generic 3

5 x 3 = 15

Following are some accounting errors. Rectify the same through Suspense Alc.
(i) Goods Purchased from Manohar of Rs. 2,500 has been posted to the debit of his account.
(ii) Cash of Rs. 4,500 paid to Munish was credited to Manish.
(iii) Discount Rs. 100 allowed to Anthony was not debited to discount account.

Pass the journal entries rectifying the following errors:
(i) Purchases of office furniture of Rs. 10,000 was recorded in Purchases book.
(ii) Office rent of Rs. 15,000 was debited to the personal account of the landlord.
(iii) Old machine was sold for Rs. 5,000 was credited to Sales account.

What are the errors disclosed by a trial balance?

What are the errors not disclosed by a trial balance?

The following errors were located before the preparation of the trial balance. Rectify them.
(a) Paid Rs. 500 to Angappan were wrongly debited to Angannan’s account.
(b) Sale of furniture for Rs. 750 was credited to sales account.
(c) Purchase of goods from Bagya for Rs. 2,100 was wrongly passed through sales book.
(d) Wages Rs. 1,000 paid on erection of machinery were debited to wages account.

Generic 2

5 x 2 = 10

What do you mean by errors?

Will the trial balance agree in case of errors of partial omission? Why?

Rectify the following errors after preparation of trial balance:
(a) Salary paid to Ram Rs.1,000 was wrongly debited to his personal account.
(b) A credit sale of goods to Balu for Rs.450 was debited to Balan.

Rectify the following errors discovered after the preparation of the trial balance:
(a) Rent paid was carried forward to the next page Rs.500 short.
(b) Wages paid was carried forward Rs.250 excess.

10.

Rectify the following errors assuming that the trial balance is yet to be prepared:
(a) Sales book was undercast by Rs.400
(b) Sales returns book was overcast by Rs.500
(c) Purchases book was undercast by Rs.600
(d) Purchases returns book was overcast by Rs.700
(e) Bills receivable book was undercast by Rs.800

Generic 5

4 x 5 = 20

11.

Rectify the following Journal Entries.

	Particulars		Rs	Rs
(i)	Purchases A/c	Dr.	5,000
	To Cash A/c			5,000
	(Purchase of furniture)
(ii)	Anbu A/c	Dr.	10,000
	To Cash A/c			10,000
	(Salary paid to Anbu)
(iii)	Raju A/c	Dr.	3,000
	To Cash A/c			3,000
	(Rent paid)
(iv)	Sales A/c	Dr.	10,000
	To Cash A/c			10,000
	(Credit sale to Naresh)
(v)	Cash A/c	Dr.	15,000
	To Babu A/c			15,000
	(Cash Sales)

12.

Following are some accounting errors. Rectify them by making journal entries :
(a) Sales for Rs. 20,000 made to Madhan was not entered in the sales book.
(b) Salary of Rs. 7,500 paid to accountant Raman was debited to his personal account.
(c) Old furniture sold for Rs. 2,800 was entered in the sales book.
(d) Carriage paid Rs. 500 on purchase of a machine was debited to carriage A/c.
(e) Cash Rs. 50,000 paid to the creditor Arya Ghosh was debited to Surya Ghosh's A/c.

13.

Rectify the following errors :
(i) Total one page of the Sales Book was 'carried forward' to the next page as Rs. 2,785 instead of Rs. 2,587.
(ii) A cheque of Rs. 400 received from Mohan was dishonoured and had been posted to the debit side of the allowance account.
(iii) Return of goods worth Rs. 5,000 by a customer was entered in the Purchase return book.
(iv) Sum of Rs. 200 owed by 'X' has been included in the list of sundry creditors.
(v) Side of old furniture worth Rs. 430. was credited to the sales account as Rs. 340.

14.

The accountant of a firm located the following errors before preparing the trial balance. Rectify them.
(a) Machinery purchased for Rs.3,000 was debited to purchases account.
(b) Interest received Rs.200 was credited to commission account.
(c) An amount of Rs.1,000 paid to Tamilselvan as salary was debited to his personal account.
(d) Old furniture sold for Rs.300 was credited to sales account.
(e) Goods worth Rs.800 purchased from Soundarapandian on credit was not recorded in the books of accounts.

Multiple Choice Question

5 x 1 = 5

15.

The errors can be classified into ________ types.

(a)

one

(b)

Two

(c)

Three

(d)

Four

16.

Good worth Rs. 50 given as charity should be credited to ________.

(a)

Charity Account

(b)

Sales Account

(c)

Purchase Account

(d)

None of the above

17.

Goods taken by the Proprietor for domestic use should be credited to ______________

(a)

Proprietor's drawings account

(b)

Sales account

(c)

Purchases account

(d)

Suspense account

18.

Amount spent on servicing office Typewriter should be debited to:

(a)

Repairs account

(b)

Typewriter account

(c)

Miscellaneous expenses account

(d)

Drawings account

19.

Errors which affect one side of an account are called ___________

(a)

Single sided errors

(b)

Double sided errors

(c)

Both

(d)

None of the above

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Answers Key:

Generic 3

5 x 3 = 15

Rectification of Errors
S.No	Particulars		Debit Rs	Credit Rs
(i)	Suspense A/c	Dr.	5,000
	To Manohar A/c			5,000
	(Goods Purchased from Manohar debited to his account is now corrected)
(ii)	Manish A/c	Dr.	4,500
	Munish A/c	Dr.	4,500
	To Suspense A/c			9,000
	(Cash paid to Munish was wrongly credited to Manish, now rectified)
(iii)	Discount A/c	Dr.	100
	To Suspense A/c			100
	(Discount allowed is not debited to discount A/c)

Journal Entries
S.No.	Particulars		Debit Rs	Credit Rs
(i)	Furniture A/c	Dr.	10,000
	To Purchases A/c			10,000
	(Being Purchase of office furniture was recorded in purchase book, now rectified)
(ii)	Rent A/c	Dr.	15,000
	To Landlord's A/c			15,000
	(Being office rent of Rs. 15,000 was debited to landlord's Personal account, now rectified)
(iii)	Sales A/c	Dr.	5,000
	To Machinery A/c			5,000
	(Being sale of machinery costing Rs. 5,000 was credited to sales A/c, now rectified)

Certain errors affect the agreement of trial balance. If such errors have occurred in the books of accounts, the total of debit and credit balances will not be the same. The trial balance will not tally.
Examples of such errors are follows:
(i) Entered in the journal but posted to one account and omitted to be posted to the other.
(ii) Posting an amount to the wrong side of a ledger account
(iii) Posting twice in a ledger account
(iv) Over-casting or Under-casting in a subsidiary book
(v) Posting a wrong amount to the correct sideof an account
(vi) Posting a wrong amount to the wrong side of an account
(vii) Errors arising in carrying forward the page total from one page to the next page of an account or subsidiary book.
(viii) Errors arising in the balancing of an account.
(ix) Omission to post an entry from a subsidiary book.

Certain errors will not affect the agreement of trial balance. Though such errors occur in the books of accounts, the total of debit and credit balance will be the same. The trial balance will tally.
Examples of such errors are as follows:
(i) Treating revenue expenditure as capital expenditure
(ii) Omitting a transaction completely
(iii) Entering a transaction in a wrong subsidiary book
(iv) Entering a transaction twice in a subsidiary book or journal
(v) Entering the amount of a transaction wrongly in the journal
(vi) Entering the amount of a transaction wrongly in a subsidiary book.

	Particulars		Dr.	Cr.
a	Angappan A/c	Dr.	500
	To Angannan A/c			500
	(Being the amount paid to Angappan wrongly debited to Angannan’s account, now rectified)
b	Sales A/c	Dr.	750
	To Furniture A/c			750
	(Being the sale of furniture wrongly credited to sales account, now rectified)
c	Purchases A/c	Dr.	2,100
	Sales A/c	Dr.	2,100
	To Bagya A/c			4,200
	(Being purchases from Bagya wrongly passed through sales book, now rectified)
d	Machinery A/c	Dr.	1,000
	To Wages A/c			1,000
	(Being wages paid for erection of machinery wrongly debited to wages account, now rectified)

Note: Method of deriving the rectifying entries

	Wrong Entry	Correct Entry	Rectifying Entry
a	Angannan A/c Dr. 500 To Cash A/c 500	Angappan A/c Dr. 500 To Cash A/c 500	Angappan A/c Dr. 500 To Angannan A/c 500
b	Cash A/c Dr. 750 To Sales A/c 750	Cash A/c Dr. 750 To Furniture A/c 750	Sales A/c Dr. 750 To Furniture A/c 750
c	Bagya A/c Dr. 2,100 To Sales A/c 2,100	Purchases A/c Dr. 2,100 To Bagya A/c 2,100	Purchases A/c Dr. 2,100 Sales A/c Dr. 2,100 To Bagya A/c 4,200
d	Wages A/c Dr. 1,000 To Cash A/c 1,000	Machinery A/c Dr. 1,000 To Cash A/c 1,000	Machinery A/c Dr. 1,000 To Wages A/c 1,000

Generic 2

5 x 2 = 10

Errors means recording or classifying or summarising the accounting transactions wrongly or omissions to record them by a clerk or an accountant unintentionally.

No, the trial balance will not agree. Because a trial balance will agree only if both the aspects of a transaction are posted into ledger accounts with correct amount.

Rectification of Errors
S.No.	Particulars		Debit Rs	Credit Rs
(a)	Salary A/c	Dr.	1,000
	To Ram A/c			1,000
	(Being salary paid to Ram wrongly debited to his Personal account, now rectified)
(b)	Balu A/c	Dr.	450
	To Balan A/c			450
	(Being the credit sale of goods to Balu for Rs 450 was debited to Balan, now rectified)

(a) Rent was should be debited with Rs. 500.
(b) Wages paid should be credited with Rs. 250.

10.

Journal Entries
S.No.	Particulars		Debit Rs	Credit Rs
(a)	Suspense A/c	Dr.	400
	To Sales A/c			400
	(Being Sales books was short by Rs 400, now rectified)
(b)	Suspense A/c	Dr.	500
	To Sales return A/c			500
	(Being Sales return book was short by . Rs 500, now rectified)
(c)	Purchases A/c	Dr.	600
	To Suspense A/c			600
	(Being purchases book was undercast by Rs 600, now rectified)
(d)	Purchases return A/c	Dr.	700
	To Suspense A/c			700
	(Being purchase return book was. overcast by Rs 700, now rectified)
(e)	Bills receivable A/c	Dr.	800
	To Suspense A/c			800
	(Being bills receivable book was undercast by Rs 800, now rectified)

Generic 5

4 x 5 = 20

11.

Rectification of errors
S.No.	Particulars		Debit Rs	Credit Rs
(i)	Furniture A/c	Dr.	5,000
	To Purchases A/c			5,000
	(Correction of wrong debit to Purchases A/c for purchase of furniture)
(ii)	Salary A/c	Dr.	10,000
	To Anbu's A/c			10,000
	(Correction of wrong debit to Anbu's A/c for salary paid)
(iii)	Rent A/c	Dr.	3,000
	To Raju's A/c			3,000
	(Correction of wrong debit to Raju's A/c for rent paid)
(iv)	Cash A/c	Dr.	10,000
	Naresh A/c	Dr.	10,000
	To Sales A/c			20,000
	(Correction of wrong debit to sales account and Wrong credit of cash account for credit sales to Naresh)
(v)	Babu's A/c	Dr.	15,000
	To Sales A/c			15,000
	(Correction of wrong credit to Babu's A/c for cash sales)

12.

Rectification of Errors
S.No.	Particulars		Debit Rs	Credit Rs
(a)	Madhan A/c	Dr.	20,000
	To Sales A/c			20,000
	(Sale to Madhan omitted to be entered in sales book is corrected)
(b)	Salary A/c	Dr.	7,500
	To Raman A/c			7,500
	(Salary paid to Raman was debited to his personal account is now corrected)
(c)	Sales A/c	Dr.	2,800
	To Furniture A/c			2,800
	(Qld furniture sold was entered in the sales book is now corrected)
(d)	Machine A/c	Dr.	500
	To Carriage A/c			500
	(Amount paid for carriage on Purchase of machine is debited to carriage A/c is now corrected)
(e)	Atya Ghosh A/c	Dr.	50,000
	To Surya Ghosh A/c			50,000
	(Amount paid to Arya Ghosh was debited to Surya Ghosh is corrected)

13.

Rectification of Errors
S.No.	Particulars		Debit Rs	Credit Rs
(i)	Sales A/c	Dr.	198
	To Suspense A/c			198
	(Being carry forwarding Rs. 2,785 instead of Rs. 2,587, now rectified)
(ii)	Mohan A/c	Dr.	400
	To Allowance A/c			400
	(Being a cheque received from Mohan was dishonoured but debited wrongly to allowance's account)
(iii)	Sales return A/c	Dr.	5,000
	Purchases return A/c	Dr.	5,000
	To Customer A/c			10,000
	(Being goods return by a customer was recorded wrongly to Purchase return book, now rectified)
(iv)	Sundry creditors A/c	Dr.	200
	Sundry debtors A/c	Dr.	200
	To X A/c			400
	(Being 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
	(Being sale of old furniture Rs. 430 was wrongly debited to sales account for Rs. 340, now rectified)

14.

Journal Entries
S.No.	Particulars		Debit Rs	Credit Rs
(a)	Machinery A/c	Dr.	3,000
	To Purchases A/c			3,000
	(Correction of wrong debit to purchases A/c for Machinery purchased)
(b)	Commission A/c	Dr.	200
	To Interest A/c			200
	(Correction of wrong credit to commission A/c for interest received)
(c)	Salary A/c	Dr.	1,000
	To Tamil Selvan A/c			1,000
	(Salary paid to Tamil Selvan was debited to his personal account is now corrected)
(d)	Sales A/c	Dr.	300
	To Furniture A/c			300
	(Being sale of furniture costing Rs 5,000 was credited to sales A/c, now rectified)
(e)	Purchases A/c	Dr.	800
	To Soundarapandian A/c			800
	(Being goods purchased frdm Soundarapandian were not received in the books of accounts, now rectified)