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

Published on: 13/05/2022

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Questions:

Generic 5

5 x 5 = 25

The book-keeper of a firm found that the trial balance was out by Rs.922 (excess credit). He placed the amount in the suspense account and subsequently found the following errors:
(a) The total of discount column on the credit side of the cash book Rs.78 was not posted in the ledger.
(b) The total of purchases book was short by Rs.1,000.
(c) A credit sale of goods to Natarajan for Rs.375 was entered in the sales book as Rs.735.
(d) A credit sale of goods to Mekala for Rs.700 was entered in the purchases book.
You are required to give rectification entries and prepare suspense account.

Rectify the following journal entries
Particulars L.F. Dr. Rs Cr. Rs a Kumanan A/c Dr 10,000 To Cash A/c 10,000 (Salary paid to Kumanan) b Senguttuvan A/c Dr 6,000 To Cash A/c 6,000 (Rent paid to Senguttuvan) c Cash A/c Dr 2,000 To Sales A/c 2,000 (Furniture sold for cash) d Cash A/c Dr 10,000 To Kumararaja A/c 10,000 (Goods sold to Kumararaja for cash) e Manimaran A/c Dr 1,000 To Purchases A/c 1,000 (Goods taken by the proprietor Mr. Manimaran for his personal use)

Rectify the following errors which were located at the time of preparing the trial balance:
(a) The total of the discount column on the debit side of the cash book of Rs.225 was posted twice.
(b) Goods of the value of Rs.75 returned by Ponnarasan was not posted to his account.
(c) Cash received from Yazhini Rs.1,000 was not posted.
(d) Interest received Rs.300 has not been posted.
(e) Rent paid Rs.100 was posted to rent account as Rs.10.

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.

Pass journal entries to rectify the following errors located after the preparation of the trial balance. Assume that there exists a suspense account.
(a) The total of sales book was undercast by Rs. 2,000.
(b) The purchase of machinery for Rs. 3,000 was entered in the purchases book.
(c) A credit sale of goods for Rs. 450 to Mathi was posted in his account as Rs. 540.
(d) The purchases returns book was overcast by Rs. 200.
(e) The total of sales book Rs. 1,122 were wrongly posted in the ledger as Rs. 1,222.

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Answers Key:

Generic 5

5 x 5 = 25

Rectification of Errors
S.No.	Particulars		Debit Rs	Credit Rs
(a)	Suspense A/c	Dr.	78
	To Discount Received A/c			78
	(Partial omission in Discount received A/c is now rectified)
(b)	Purchase Book A/c	Dr.	1,000
	To Suspense A/c			1,000
	(Undercast in Purchase book, now rectified)
(c)	Sales A/c	Dr.	360
	To Natarajan A/c			360
	(Excess Debit in Natarajan A/c and excess Credit in Sales A/c now rectified)
(d)	Mekala A/c	Dr.	1,400
	To Sales A/c			700
	To Purchases A/c			700
	(Being the rectification for a Credit sale wrongly passed through the Purchases book)

Dr. Suspense Account Cr.
Particulars	Amount Rs	Particulars	Amount Rs
To Discount received A/c	78	By Purchase book	1,000
To Difference in Books	922
	1,000		1,000

Rectification of Errors S.No. Particulars L.F. Debit Rs Credit Rs (a) Salary A/c Dr. 10,000 To Kumanan A/c 10,000 (Correct of wrong debit to Kumanan's A/c for salary paid) (b) Rent A/c Dr. 6,000 To Senguttuvan A/c 6,000 (Correct of wrong debit to Senguttuvan's A/c for rent paid) (c) Cash A/c Dr. 2,000 To Furniture A/c 2,000 (Correct of wrong debit to cash A/c for furniture sold) (d) Cash A/c Dr. 10,000 To Sales A/c 10,000 (Correct of wrong credit to Kumarraja for cash sales) (e) Drawings A/c Dr. 1,000 To Purchases A/c 1,000 (Goods taken by the proprietor Mr. Manimaran for his personal use, now rectified)

Rectification of Errors
S.No.	Particulars		Debit Rs	Credit Rs
(a)	Discount allowed A/c	Dr.	225
	To Suspense A/c			225
	(Being discount column on the debit side of the cash book of Rs. 225 was posted twice, now rectified)
(b)	Return inwards A/c	Dr.	75
	To Ponnarasan A/c			75
	(Being the recording of unrecovered returns, now rectified)
(c)	Suspense A/c	Dr.	1,000
	To Yazhini A/c			1,000
	(Being cash received by yazhini were not posted to his Account, now rectified)
(d)	Suspense A/c	Dr.	300
	To Interest A/c			300
	(Being Interest received Rs. 300 have not been posted, now rectified)
(e)	Rent A/c	Dr.	110
	To Suspense A/c			110
	(Rent paid 100 was posted to rent account as, Rs. 10, now rectified)

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)

	Particulars		Dr.	Cr.
a	Suspense A/c	Dr	2,000
	To Sales A/c			2,000
	(Under casting in the sales book rectified)
b	Machinery A/c	Dr	3,000
	To Purchases A/c			3,000
	(Purchase of machinery wrongly entered in the purchases book rectified)
c	Suspsense A/c	Dr	9
	To Mathi A/c			9
	(Excess amount posted to the debit of Mathi rectified)
d	Purchase returns A/c	Dr	200
	To Suspense A/c			200
	(Overcasting in the purchase returns book rectified)
e	Sales A/c	Dr	100
	To Suspense A/c			100
	(Excess amount carried forward in the sales book rectified)