Commerce Exam > Commerce Notes > DK Goel Solutions: Rectification of Errors
DK Goel Solutions: Rectification of Errors - Commerce PDF Download
| Download, print and study this document offline |
Please wait while the PDF view is loading
Page 1
Q.1 Rectify the following errors:
(i) Credit sales to Mridula ? 5,000 were not recorded.
(ii) Credit purchases from Nayna ? 8,000 were not recorded.
(iii) Goods returned to Priya ? 12,000 were not recorded.
(iv) Goods returned from Rashi ? 10,000 were not recorded.
Solution:
Two-Sided Errors
Journal
Sl. no Particulars L.F. Debit ? Credit ?
i) Mridula’s A/c Dr.
5,000
To Sales A/c
5,000
(Credit sales made to Mridula was not recorded)
ii) Purchases A/c Dr.
8,000
To Nayna’s A/c
8,000
(Credit purchases from Nayna was not recorded)
iii) Priya’s A/c Dr.
12,000
To Purchases Return A/c
12,000
(Goods returned to Priya was not recorded)
iv) Sales Return A/c Dr.
10,000
To Rashi’s A/c
10,000
(Returned goods from Rashi was not recorded)
Page 2
Q.1 Rectify the following errors:
(i) Credit sales to Mridula ? 5,000 were not recorded.
(ii) Credit purchases from Nayna ? 8,000 were not recorded.
(iii) Goods returned to Priya ? 12,000 were not recorded.
(iv) Goods returned from Rashi ? 10,000 were not recorded.
Solution:
Two-Sided Errors
Journal
Sl. no Particulars L.F. Debit ? Credit ?
i) Mridula’s A/c Dr.
5,000
To Sales A/c
5,000
(Credit sales made to Mridula was not recorded)
ii) Purchases A/c Dr.
8,000
To Nayna’s A/c
8,000
(Credit purchases from Nayna was not recorded)
iii) Priya’s A/c Dr.
12,000
To Purchases Return A/c
12,000
(Goods returned to Priya was not recorded)
iv) Sales Return A/c Dr.
10,000
To Rashi’s A/c
10,000
(Returned goods from Rashi was not recorded)
Q.2 Rectify the following errors:
(i) Credit sales to Mridula ? 5,000 were recorded as ? 500.
(ii) Credit purchases from Nayna ? 8,000 were recorded as ? 800.
(iii) Goods returned to Priya ? 12,000 were recorded as ? 1,200.
(iv) Goods returned from Rashi ? 10,000 were recorded as ? 1,000.
Solution:
Two Sided Errors
Journal
Sl.
no
Particulars L.F. Debit
?
Credit
?
i) Mridula’s A/c Dr.
4,500
To Sales A/c
4,500
(? 500 was recorded as credit sales to Mridula instead of ?
5,000)
ii) Purchases A/c Dr.
7,200
To Nayna’s A/c
7,200
(? 800 was recorded as credit purchases from Nayna
instead of ? 8,000)
iii) Priya’s A/c Dr.
10,800
To Purchases Return A/c
10,800
(Returned goods to Priya were registered as ? 1,200
instead of ? 12,000)
iv) Sales Return A/c Dr.
9,000
To Rashi’s A/c
9,000
(Returned goods from Rashi were registered as ?
1,000 instead of ? 10,000)
Page 3
Q.1 Rectify the following errors:
(i) Credit sales to Mridula ? 5,000 were not recorded.
(ii) Credit purchases from Nayna ? 8,000 were not recorded.
(iii) Goods returned to Priya ? 12,000 were not recorded.
(iv) Goods returned from Rashi ? 10,000 were not recorded.
Solution:
Two-Sided Errors
Journal
Sl. no Particulars L.F. Debit ? Credit ?
i) Mridula’s A/c Dr.
5,000
To Sales A/c
5,000
(Credit sales made to Mridula was not recorded)
ii) Purchases A/c Dr.
8,000
To Nayna’s A/c
8,000
(Credit purchases from Nayna was not recorded)
iii) Priya’s A/c Dr.
12,000
To Purchases Return A/c
12,000
(Goods returned to Priya was not recorded)
iv) Sales Return A/c Dr.
10,000
To Rashi’s A/c
10,000
(Returned goods from Rashi was not recorded)
Q.2 Rectify the following errors:
(i) Credit sales to Mridula ? 5,000 were recorded as ? 500.
(ii) Credit purchases from Nayna ? 8,000 were recorded as ? 800.
(iii) Goods returned to Priya ? 12,000 were recorded as ? 1,200.
(iv) Goods returned from Rashi ? 10,000 were recorded as ? 1,000.
Solution:
Two Sided Errors
Journal
Sl.
no
Particulars L.F. Debit
?
Credit
?
i) Mridula’s A/c Dr.
4,500
To Sales A/c
4,500
(? 500 was recorded as credit sales to Mridula instead of ?
5,000)
ii) Purchases A/c Dr.
7,200
To Nayna’s A/c
7,200
(? 800 was recorded as credit purchases from Nayna
instead of ? 8,000)
iii) Priya’s A/c Dr.
10,800
To Purchases Return A/c
10,800
(Returned goods to Priya were registered as ? 1,200
instead of ? 12,000)
iv) Sales Return A/c Dr.
9,000
To Rashi’s A/c
9,000
(Returned goods from Rashi were registered as ?
1,000 instead of ? 10,000)
Q.3 Rectify the following errors:
(i) Credit sales to Mridula ? 5,000 were recorded as ? 5,400.
(ii) Credit purchases from Nayna ? 8,000 were recorded as ? 8,800.
(iii) Goods returned to Priya ? 12,000 were recorded as ? 12,200.
(iv) Goods returned from Rashi ? 10,000 were recorded as ? 11,000.
Solution:
Two-Sided Errors
Journal
Sl.
no
Particulars L.F. Debit
?
Credit
?
i) Sales A/c Dr.
400
To Mridula’s A/c
400
(? 5,400 was registered as credit sales to Mridula instead of
? 5,000)
ii) Nayna’s A/c Dr.
800
To Purchases A/c
800
(? 8,800 was registered as credit purchases from Nayna
instead of ?8,000)
iii) Purchases Return A/c Dr.
200
To Priya’s A/c
200
(? 12,200 was recorded as goods returned to Priya instead
of ?12,000)
iv) Rashi’s A/c Dr.
1,000
To Sales Return A/c
1,000
(? 11,000 was recorded as goods returned instead of ?
10,000)
Page 4
Q.1 Rectify the following errors:
(i) Credit sales to Mridula ? 5,000 were not recorded.
(ii) Credit purchases from Nayna ? 8,000 were not recorded.
(iii) Goods returned to Priya ? 12,000 were not recorded.
(iv) Goods returned from Rashi ? 10,000 were not recorded.
Solution:
Two-Sided Errors
Journal
Sl. no Particulars L.F. Debit ? Credit ?
i) Mridula’s A/c Dr.
5,000
To Sales A/c
5,000
(Credit sales made to Mridula was not recorded)
ii) Purchases A/c Dr.
8,000
To Nayna’s A/c
8,000
(Credit purchases from Nayna was not recorded)
iii) Priya’s A/c Dr.
12,000
To Purchases Return A/c
12,000
(Goods returned to Priya was not recorded)
iv) Sales Return A/c Dr.
10,000
To Rashi’s A/c
10,000
(Returned goods from Rashi was not recorded)
Q.2 Rectify the following errors:
(i) Credit sales to Mridula ? 5,000 were recorded as ? 500.
(ii) Credit purchases from Nayna ? 8,000 were recorded as ? 800.
(iii) Goods returned to Priya ? 12,000 were recorded as ? 1,200.
(iv) Goods returned from Rashi ? 10,000 were recorded as ? 1,000.
Solution:
Two Sided Errors
Journal
Sl.
no
Particulars L.F. Debit
?
Credit
?
i) Mridula’s A/c Dr.
4,500
To Sales A/c
4,500
(? 500 was recorded as credit sales to Mridula instead of ?
5,000)
ii) Purchases A/c Dr.
7,200
To Nayna’s A/c
7,200
(? 800 was recorded as credit purchases from Nayna
instead of ? 8,000)
iii) Priya’s A/c Dr.
10,800
To Purchases Return A/c
10,800
(Returned goods to Priya were registered as ? 1,200
instead of ? 12,000)
iv) Sales Return A/c Dr.
9,000
To Rashi’s A/c
9,000
(Returned goods from Rashi were registered as ?
1,000 instead of ? 10,000)
Q.3 Rectify the following errors:
(i) Credit sales to Mridula ? 5,000 were recorded as ? 5,400.
(ii) Credit purchases from Nayna ? 8,000 were recorded as ? 8,800.
(iii) Goods returned to Priya ? 12,000 were recorded as ? 12,200.
(iv) Goods returned from Rashi ? 10,000 were recorded as ? 11,000.
Solution:
Two-Sided Errors
Journal
Sl.
no
Particulars L.F. Debit
?
Credit
?
i) Sales A/c Dr.
400
To Mridula’s A/c
400
(? 5,400 was registered as credit sales to Mridula instead of
? 5,000)
ii) Nayna’s A/c Dr.
800
To Purchases A/c
800
(? 8,800 was registered as credit purchases from Nayna
instead of ?8,000)
iii) Purchases Return A/c Dr.
200
To Priya’s A/c
200
(? 12,200 was recorded as goods returned to Priya instead
of ?12,000)
iv) Rashi’s A/c Dr.
1,000
To Sales Return A/c
1,000
(? 11,000 was recorded as goods returned instead of ?
10,000)
Q.4 Give rectifying entries for the following:
(i) A credit sale of goods to Ram ? 2,500 has been wrongly passed through the ‘Purchases Book’.
(ii) Credit purchase of goods from Shyam amounting to ? 1,000 has been wrongly passed through the
‘Sales Book’.
(iii) A return of goods worth ? 1,100 to Mohan was passed through the ‘Sales Return Book’.
(iv) A return of goods worth ? 500 by Ganesh was entered in ‘Purchases Return Book’.
Solution:
Two-Sided Errors
Page 5
Q.1 Rectify the following errors:
(i) Credit sales to Mridula ? 5,000 were not recorded.
(ii) Credit purchases from Nayna ? 8,000 were not recorded.
(iii) Goods returned to Priya ? 12,000 were not recorded.
(iv) Goods returned from Rashi ? 10,000 were not recorded.
Solution:
Two-Sided Errors
Journal
Sl. no Particulars L.F. Debit ? Credit ?
i) Mridula’s A/c Dr.
5,000
To Sales A/c
5,000
(Credit sales made to Mridula was not recorded)
ii) Purchases A/c Dr.
8,000
To Nayna’s A/c
8,000
(Credit purchases from Nayna was not recorded)
iii) Priya’s A/c Dr.
12,000
To Purchases Return A/c
12,000
(Goods returned to Priya was not recorded)
iv) Sales Return A/c Dr.
10,000
To Rashi’s A/c
10,000
(Returned goods from Rashi was not recorded)
Q.2 Rectify the following errors:
(i) Credit sales to Mridula ? 5,000 were recorded as ? 500.
(ii) Credit purchases from Nayna ? 8,000 were recorded as ? 800.
(iii) Goods returned to Priya ? 12,000 were recorded as ? 1,200.
(iv) Goods returned from Rashi ? 10,000 were recorded as ? 1,000.
Solution:
Two Sided Errors
Journal
Sl.
no
Particulars L.F. Debit
?
Credit
?
i) Mridula’s A/c Dr.
4,500
To Sales A/c
4,500
(? 500 was recorded as credit sales to Mridula instead of ?
5,000)
ii) Purchases A/c Dr.
7,200
To Nayna’s A/c
7,200
(? 800 was recorded as credit purchases from Nayna
instead of ? 8,000)
iii) Priya’s A/c Dr.
10,800
To Purchases Return A/c
10,800
(Returned goods to Priya were registered as ? 1,200
instead of ? 12,000)
iv) Sales Return A/c Dr.
9,000
To Rashi’s A/c
9,000
(Returned goods from Rashi were registered as ?
1,000 instead of ? 10,000)
Q.3 Rectify the following errors:
(i) Credit sales to Mridula ? 5,000 were recorded as ? 5,400.
(ii) Credit purchases from Nayna ? 8,000 were recorded as ? 8,800.
(iii) Goods returned to Priya ? 12,000 were recorded as ? 12,200.
(iv) Goods returned from Rashi ? 10,000 were recorded as ? 11,000.
Solution:
Two-Sided Errors
Journal
Sl.
no
Particulars L.F. Debit
?
Credit
?
i) Sales A/c Dr.
400
To Mridula’s A/c
400
(? 5,400 was registered as credit sales to Mridula instead of
? 5,000)
ii) Nayna’s A/c Dr.
800
To Purchases A/c
800
(? 8,800 was registered as credit purchases from Nayna
instead of ?8,000)
iii) Purchases Return A/c Dr.
200
To Priya’s A/c
200
(? 12,200 was recorded as goods returned to Priya instead
of ?12,000)
iv) Rashi’s A/c Dr.
1,000
To Sales Return A/c
1,000
(? 11,000 was recorded as goods returned instead of ?
10,000)
Q.4 Give rectifying entries for the following:
(i) A credit sale of goods to Ram ? 2,500 has been wrongly passed through the ‘Purchases Book’.
(ii) Credit purchase of goods from Shyam amounting to ? 1,000 has been wrongly passed through the
‘Sales Book’.
(iii) A return of goods worth ? 1,100 to Mohan was passed through the ‘Sales Return Book’.
(iv) A return of goods worth ? 500 by Ganesh was entered in ‘Purchases Return Book’.
Solution:
Two-Sided Errors
Journal
Sl.
no
Particulars L.F. Debit
?
Credit
?
i) Ram’s A/c Dr.
5,000
To Sales A/c
2,500
To Purchases A/c
2,500
(Sold goods to Ram was recorded wrongly in purchases
Book)
ii) Purchases A/c Dr.
1,000
Sales A/c Dr.
1,000
To Shyam’s A/c
2,000
(Purchased goods from Shyam, recorded incorrectly in sales
book)
iii) Mohan’s A/c Dr.
2,200
To Purchases Return A/c
1,100
To Sales Return A/c
1,100
(Returned goods to Mohan posted incorrectly in sales return
book)
iv) Sales Return A/c Dr.
500
Purchases Return A/c Dr.
500
To Ganesh’s A/c
1,000
(Goods returned by Ganesh recorded incorrectly in
purchases return book)
Read More
Related Exams
About this Document
|
Nov 09, 2024 Last updated |
Document Description: DK Goel Solutions: Rectification of Errors for Commerce 2024 is part of Commerce preparation. The notes and questions for DK Goel Solutions: Rectification of Errors have been prepared according to the Commerce exam syllabus. Information about DK Goel Solutions: Rectification of Errors covers topics like and DK Goel Solutions: Rectification of Errors Example, for Commerce 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises and tests below for DK Goel Solutions: Rectification of Errors.
Introduction of DK Goel Solutions: Rectification of Errors in English is available as part of
our Commerce preparation & DK Goel Solutions: Rectification of Errors in Hindi for Commerce
courses. Download more important topics, notes, lectures and mock test series for Commerce
Exam by signing up for free. Commerce: DK Goel Solutions: Rectification of Errors - Commerce
Description
Full syllabus notes, lecture & questions for DK Goel Solutions: Rectification of Errors - Commerce - Commerce | Plus excerises question with solution to help you revise complete syllabus | Best notes, free PDF download
Information about DK Goel Solutions: Rectification of Errors
In this doc you can find the meaning of DK Goel Solutions: Rectification of Errors defined & explained in the simplest way possible.
Besides explaining types of DK Goel Solutions: Rectification of Errors theory,
EduRev gives you an ample number of questions to practice DK Goel Solutions: Rectification of Errors tests, examples and also practice Commerce tests.
Download as PDF
|
Explore Courses for Commerce exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
ppt
,DK Goel Solutions: Rectification of Errors - Commerce
,shortcuts and tricks
,Extra Questions
,past year papers
,Sample Paper
,Summary
,DK Goel Solutions: Rectification of Errors - Commerce
,Exam
,Free
,Objective type Questions
,practice quizzes
,mock tests for examination
,video lectures
,Semester Notes
,Important questions
,Viva Questions
,MCQs
,study material
,DK Goel Solutions: Rectification of Errors - Commerce
,Previous Year Questions with Solutions
;
Additional Information about DK Goel Solutions: Rectification of Errors for Commerce Preparation
DK Goel Solutions: Rectification of Errors Free PDF Download
The DK Goel Solutions: Rectification of Errors is an invaluable resource that delves deep into the core of the Commerce exam.
These study notes are curated by experts and cover all the essential topics and concepts, making your preparation more efficient and effective.
With the help of these notes, you can grasp complex subjects quickly, revise important points easily,
and reinforce your understanding of key concepts. The study notes are presented in a concise and easy-to-understand manner,
allowing you to optimize your learning process. Whether you're looking for best-recommended books, sample papers, study material,
or toppers' notes, this PDF has got you covered. Download the DK Goel Solutions: Rectification of Errors now and kickstart your journey towards success in the Commerce exam.
Importance of DK Goel Solutions: Rectification of Errors
The importance of DK Goel Solutions: Rectification of Errors cannot be overstated, especially for Commerce aspirants.
This document holds the key to success in the Commerce exam.
It offers a detailed understanding of the concept, providing invaluable insights into the topic.
By knowing the concepts well in advance, students can plan their preparation effectively.
Utilize this indispensable guide for a well-rounded preparation and achieve your desired results.
DK Goel Solutions: Rectification of Errors Notes
DK Goel Solutions: Rectification of Errors Notes offer in-depth insights into the specific topic to help you master it with ease.
This comprehensive document covers all aspects related to DK Goel Solutions: Rectification of Errors.
It includes detailed information about the exam syllabus, recommended books, and study materials for a well-rounded preparation.
Practice papers and question papers enable you to assess your progress effectively.
Additionally, the paper analysis provides valuable tips for tackling the exam strategically.
Access to Toppers' notes gives you an edge in understanding complex concepts.
Whether you're a beginner or aiming for advanced proficiency, DK Goel Solutions: Rectification of Errors Notes on EduRev are your ultimate resource for success.
DK Goel Solutions: Rectification of Errors Commerce Questions
The "DK Goel Solutions: Rectification of Errors Commerce Questions" guide is a valuable resource for all aspiring students preparing for the
Commerce exam. It focuses on providing a wide range of practice questions to help students gauge
their understanding of the exam topics. These questions cover the entire syllabus, ensuring comprehensive preparation.
The guide includes previous years' question papers for students to familiarize themselves with the exam's format and difficulty level.
Additionally, it offers subject-specific question banks, allowing students to focus on weak areas and improve their performance.
Study DK Goel Solutions: Rectification of Errors on the App
Students of Commerce can study DK Goel Solutions: Rectification of Errors alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the DK Goel Solutions: Rectification of Errors,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of DK Goel Solutions: Rectification of Errors is prepared as per the latest Commerce syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup