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11th Standard English Medium Accountancy Subject Rectification of Errors Book Back 5 Mark Questions with Solution Part - I updated Book back Questions

Published on: 13/05/2022

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Questions:

Generic 5

5 x 5 = 25

The following errors were located at the time of preparing trial balance. Rectify them.
(a) A personal expense of the proprietor Rs. 200 was debited to travelling expenses account.
(b) Goods of Rs.400 purchased from Ramesh on credit was wrongly credited to Ganesh’s account.
(c) An amount of Rs.500 paid as salaries to Mathi was debited to his personal account.
(d) An amount of Rs.2,700 paid for extension of the building was debited to repairs account.
(e) A credit sale of goods of Rs.700 on credit to Mekala was posted to Krishnan’s account.

Rectify the following errors which were located before preparing the trial balance.
(a) Wages paid Rs. 2,000 for the erection of machinery was debited to wages account.
(b) Sales returns book was short totalled by Rs.1,000.
(c) Goods purchased for Rs. 200 was posted as Rs. 2,000 to purchases account.
(d) The sales book was overcast by Rs.1,500.
(e) Cash paid to Mukil Rs. 2,800 which was debited to Akhil’s account as Rs. 2,000

The following errors were located by the accountant before preparation of trial balance. Rectify them.
(a) The total of the discount column of Rs.1,100 on the debit side of the cash book was not yet posted.
(b) The total of the discount column on the credit side of the cash book was undercast by Rs.500.
(c) Purchased goods from Anbuchelvan on credit for Rs.700 was posted to the debit side of his account.
(d) Sale of goods to Ponmukil on credit for Rs.78 was posted to her account as Rs.87.
(e) The total of sales returns book of Rs.550 was posted twice.

A book-keeper finds that the debit column of the trial balance is short by Rs.308 and the difference is put to a suspense account. Subsequently, the following errors were located.
(a) An entry for sale of goods on credit for Rs.102 to Mekala was posted to her account as Rs.120.
(b) Rs.100 being the monthly total of discount allowed to customers was credited to discount received account in the ledger.
(c) Rs.275 paid by Mannan was credited to Kannan account.
(d) Rs. 26 appearing in the cash book as paid for the purchase of stationery for office use has not been posted to ledger.
(e) The purchases book was undercast by Rs.100.
Rectify the errors and prepare suspense account.

The following errors were located after the preparation of the trial balance. Rectify them.
(a) Paid Rs. 50 to Anitha was wrongly debited to Vanitha account.
(b) Sale of furniture for Rs. 500 was credited to sales account.
(c) Purchased goods from Natarajan on credit for Rs. 750 were wrongly passed through sales book.
(d) Wages Rs. 1,000 paid on erection of machinery was debited to wages account.

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Answers Key:

Generic 5

5 x 5 = 25

Rectification of Errors
S.No	Particulars		Debit Rs	Credit Rs
(a)	Drawings A/c	Dr.	200
	To Travelling expenses A/c			200
	(Being goods withdraw by proprietor to his personal expense 200, was debited to travelling expenses, now rectified)
(b)	Ganesh's A/c	Dr.	400
	To Ramesh A/c			400
	(Being credit purchase from Ramesh, wrongle credited to Ganesh's account now rectified)
(c)	Salaries A/c	Dr.	500
	To Mathi A/c			500
	(Being correction of wrong debit to Mathi's personal account for salaries paid)
(d)	Building A/c	Dr.	2,700
	To Repairs A/c			2,700
	(Being amount paid for extension of building was debited wrongly to repairs account, now rectified)
(e)	Mekala A/c	Dr.	700
	To Krishnan's A/c			700
	(Being goods sold to Mekala, wrongly posted to Krishnan's account, now rectified)

Rectification of Errors
S.No.	Particulars		Debit Rs	Credit Rs
(a)	Machinery A/c	Dr.	2,000
	To WagesA/c			2,000
	(Wages paid Rs. 2,000 for the erection of machinery was debited to wages account now rectified)
(b)	Sales return A/c	Dr.	1,000
	To Suspense A/c			1,000
	(Being the mistake in totalling of sales return accounts now rectified)
(c)	Suspense A/c	Dr.	1,800
	To Purchases A/c			1,800
	(Being the purchases book overcast; now rectified)
(d)	Sales A/c	Dr.	1,500
	To Suspense A/c			1,500
	(Being sales book overast by Rs. 1,500 now rectified)
(e)	Mukil A/c	Dr.	2,800
	To Akhil's A/c			2,000
	To Suspense A/c			800
	(Cash paid to Mukil 2,800 was debited to Akhil's account now rectified)

Journal Entries
S.No.	Particulars		Debit Rs	Credit Rs
(a)	Discount allowed A/c	Dr.	1,100
	To Suspense A/c			1,100
	(Being the omission to post the total of discount allowed, now rectified)
(b)	Suspense A/c	Dr.	500
	To Discount received A/c			500
	(Partial omission now rectified)
(c)	Purchases A/c	Dr.	1,400
	To Anbuchelvan A/c			1,400
	(Goods purchased on credit from Anbuselvan, error rectification recording)
(d)	Ponmukil A/c	Dr.	9
	To Suspense A/c			9
	(Being wrong amount posted to Ponmukil account rectified)
(e)	Suspense A/c	Dr.	550
	To Sales return A/c			550
	(Being total of sales returns book of Rs. 550 was posted twice rectified)

	Particulars		Dr. Rs	Cr. Rs
a	Suspense A/c	Dr	18
	To Mekala A/c			18
	(Excess amount posted to Mekala account rectified)
b	Discount allowed A/c	Dr	100
	Discount received A/c	Dr	100
	To Suspense A/c			200
	(Discount allowed wrongly posted to discount received account rectified)
c	Kannan A/c	Dr	275
	To Mannan A/c			275
	(Wrong credit to Kannan account instead of Mannan account rectified)
d	Stationery A/c	Dr	26
	To Suspense A/c			26
	(Purchase of stationery not posted to stationery account rectified)
e	Purchases A/c	Dr	100
	To Suspense A/c			100
	(Undercasting in the purchases book rectified)

Dr Suspense Account Cr
Particulars	Rs	Particulars	Rs
To Balance b/d	308	By Discount allowed A/c	100
To Mekala A/c	18	By Discount received A/c	100
		By Stationery A/c	26
		By Purchases A/c	100
	326		326

	Particulars		Dr.	Cr.
a	Anitha A/c	Dr	50
	To Vanitha A/c			50
	(Amount paid to Anitha wrongly debited to Vanitha account, now rectified)
b	Sales A/c	Dr	500
	To Furniture A/c			500
	(Sale of furniture wrongly credited to sales account, now rectified)
c	Purchases A/c	Dr	750
	Sales A/c	Dr	750
	To Natarajan A/c			1,500
	(Purchases from Natarajan wrongly passed through sales book, now rectified)
d	Machinery A/c	Dr	1.000
	To Wages A/c			1,000
	(Wages paid for erection of machinery wrongly debited to wages account, now rectified)