11th Standard English Medium Accountancy Subject Rectification of Errors Creative 3 Mark Questions with Solution Part - II updated Creative Questions | QB365

11th Standard Syllabus & Materials

11th Standard

TN 11th Tamil இயற்கை வேளாண்மை,சுற்றுச்சூழல் -செய்யுள் - மனோன்மணீயம் Important Questions And Answers Study Material - QB365 Set A

NEW

11th Standard

TN 11th Tamil என்னுயிர் என்பேன் -துணைப்பாடம் - இசைத்தமிழர் இருவர் Important Questions And Answers Study Material - QB365 Set A

NEW

11th Standard

TN 11th Tamil மொழி கலை -செய்யுள் - ஒவ்வொரு புல்லையும் Important Questions And Answers Study Material - QB365 Set A

NEW

11th Standard

TN 11th Tamil பீடு பெற நில் - இலக்கணம் - பகுபத உறுப்புகள் Important Questions And Answers Study Material - QB365 Set A

NEW

11th Standard

TN 11th Tamil பீடு பெற நில் - துணைப்பாடம் - வாடிவாசல் Important Questions And Answers Study Material - QB365 Set A

NEW

11th Standard

TN 11th Tamil பீடு பெற நில் - செய்யுள் - குறுந்தொகை Important Questions And Answers Study Material - QB365 Set A

11th Standard English Medium Accountancy Subject Rectification of Errors Creative 3 Mark Questions with Solution Part - II updated Creative Questions

Published on: 13/05/2022

QB365 provides detailed and simple solution for every
Creative Questions in class 11 Accountancy Subject. It will helps to get more idea about question pattern in every Creative questions with solution.

latest Creative Questions

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.

Questions + Answers key

Take MCQ Accountancy Test

QB365 Student Learing Managemnet System

Std: 11th Standard - Accountancy

chapter: - Creative Questions

Visit QB365-SLMS - https://www.qb365.in/slms/ Complete Questions and Answers

Questions:

Generic 3

5 x 3 = 15

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

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.

Visit QB365-SLMS - https://www.qb365.in/slms/

Answers Key:

Generic 3

5 x 3 = 15

(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

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)