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11th Standard Accountancy - Rectification of Errors Three Marks Questions

Published on: 09/10/2019

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

10 x 3 = 30

What are the types of errors at the stage of preparing trial balance?

What are the types of errors at the stage of posting?

What are the types of errors at the stage of journalising?

The Accountant in a firm committed the following errors.
(a) Rent paid to landlord Rs. 12,600 was debited to the Landlord's personal account.
(b) Sold Computer for Rs. 6,000 was entered in sales account.
(c) Cash drawn by the proprietor for his personal use Rs. 7,400 was debited to Trade expenses account.
(d) Repairs to machinery Rs. 500 was passed through the Machinery account. Rectify the above errors.

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.

Following errors are discovered in the Books of Sita Ram. Make the necessary entries to rectify them.
(i) Purchases journal was Rs. 2,150.
(ii) Rs. 500 received from K. Krishna was debited to his account.
(iii) An amount of Rs. 3,000 withdrawn by the Proprietor of the firm for his personal use was posted to the Traveling expense account.
(iv) An amount of Rs. 175 for a credit sale to R. Gopalan correctly entered in the sale book, has been debited to his account as Rs. 157.

Rectify the following errors.
(i) The Sales book of December was added short by Rs. 500.
(ii) A periodical total of the Purchases book was short by Rs. 5,000.
(iii) The total of Purchases return Book has been undercast by Rs. 1,500.
(iv) The Sales return book is added Rs. 200 short.

The following errors were located after the preparation of trial balance. The difference in trial balance has been taken to suspense account. Rectify them.
(a) The total of purchases book was carried forward Rs.70 less.
(b) The total of sales book was carried forward Rs.340 more.
(c) The total of purchases book was carried forward Rs.150 more.
(d) The total of sales book was carried forward Rs.200 less.
(e) The total of purchase returns book was carried forward Rs.350 less

10.

The following errors were detected before preparation of the trial balance. Rectify them.
(a) A sum of Rs. 5,000 written off as depreciation on buildings has not been posted to depreciation account.
(b) Payment of wages Rs. 2,000 to Venkat was posted twice to wages account.
(c) An amount of Rs. 250 for a credit sale of goods to Nila, although correctly entered in the sales book, has been posted as Rs. 200.

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Answers Key:

Generic 3

10 x 3 = 30

(i) Error of Omission
(ii) Error of Commission:
(a) Entering to wrong account
(b) Entering wrong amount
(c) Entering to the wrong side of trial balance, etc.

(i) Errors of Omission:
(a) Error of complete omission
(b) Error of partial omission
(ii) Errors of Commission:
(a) Posting to wrong account
(b) Posting of wrong account
(c) Posting to the wrong side

(i) Error of omission
(ii) Error of commission
(iii) Error of principle

Rectification of Errors
S.No.	Particulars		Debit Rs	Credit Rs
(a)	Rent A/c	Dr.	12,600
	To Landlord's A/c			12,600
	(Correction of wrong debit to Landlord's A/c for rent paid)
(b)	Sales A/c	Dr.	6,000
	To Computer A/c			6,000
	(Correction of wrong credit to sales of computer)
(c)	Drawings A/c	Dr.	7,400
	To Trade expenses A/c			7,400
	(Correction of wrong debit to trade expenses A/c for drawings made)
(d)	Repairs A/c	Dr.	500
	To Machinery A/c			500
	(Correction of wrong debit to Machinery A/c for repairs made).

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)

Rectification of Errors
S.No.	Particulars		Debit Rs	Credit Rs
(i)	Purchases A/c	Dr.	2,150
	To Suspense A/c			2,150
	(Being Purchases book undercast, now rectified)
(ii)	Suspense A/c	Dr.	1,000
	To Krishna A/c			1,000
	(Being received from Krishna was wrongly debited, now rectified)
(iii)	Drawings A/c	Dr.	3,000
	To Travelling expenses A/c			3,000
	(Being amount withdrawn by proprietor for personal use Wrongly posted to travelling expenses account, now rectified)
(iv)	Gopalan A/c	Dr.	18
	To Suspense A/c			18
	(Being Gopalan's account was debited by Rs. 157 insead of Rs. 175, now rectified)

Rectification of errors
S.No.	Particulars		Debit Rs	Credit Rs
(i)	Suspense A/c	Dr.	500
	To Sales A/c			500
	(Being sales book was added short, now rectified)
(ii)	Purchases A/c	Dr.	5,000
	To Suspense A/c			5,000
	(Being purchases book was undercast, now rectified)
(iii)	Suspense A/c	Dr.	1,500
	To Purchases return A/c			1,500
	(Being purchases return book was cast short, now rectified)
(iv)	Sales return A/c	Dr.	200
	To Suspense A/c			200
	(Being sales return book was undercast, now rectified)

Rectification of Errors
S.No.	Particulars		Debit Rs	Credit Rs
(a)	Purchases A/c	Dr.	70
	To Suspense A/c			70
	(Being purchases book was carried forward Rs 70 less, now rectified)
(b)	Sales A/c	Dr.	340
	To Suspense A/c			340
	(Being sales book was carried forward Rs 340 more, now rectified)
(c)	SuspenseA/c	Dr.	150
	To Purchases A/c			150
	(Being purchases book was carried forward Rs 50 more, now rectified)
(d)	Suspense A/c	Dr.	200
	To Sales A/c			200
	(Being sales book was carried forward 200 less, now rectified)
(e)	Suspense A/c	Dr.	350
	To Purchase return A/c			350
	(Being purchase return book was cast short, now rectified)

10.

(a) Depreciation account should be debited with Rs. 5,000.
(b) Wages account should be credited with Rs. 2,000.
(c) Nila account should be debited with Rs. 50.