Rectification Of Errors - (Part - 1) | Accountancy Class 11 - Commerce PDF Download

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Question 1: How will be the following errors rectified?

(i) Purchases Book is overcasted by ₹ 10,000.

(ii) Purchases Return Book is overcasted by ₹ 1,000.

(iii) Purchases Return Book’s balance is carried forward in excess by ₹ 100.

(iv) Purchases Book’s balance is carried forward in excess by ₹ 1,000.

ANSWER:

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Question 2: How will be the following errors rectified?

(i) Sales Book is short casted by ₹ 5,000.

(ii) Sales Return Book is short casted by ₹ 500.

(iii) Balance of Sales Book is carried forward short by ₹ 1,000.

(iv) Balance of Sales Return Book is carried forward short by ₹ 100.

ANSWER:

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Question 3: How will you rectify the following errors?
(i) Sales Book is overcasted by ₹ 5,000.
(ii) Sales Return Book is short casted by ₹ 500.
(iii) Balance of Sales Book is carried forward in excess by ₹ 1,000.
(iv) Balance of Sales Return Book is carried forward in excess by ₹ 100.

ANSWER:

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Question 4: Pass the necessary Journal entries to rectify the following errors:
(i) Credit sale of ₹ 570 to Mohan was recorded as ₹ 750.
(ii) Credit sale of ₹ 850 to Sohan was recorded as sale to Mohan.
(iii) Credit sale of ₹ 850 to Meenu was recorded as sale to Meena as ₹ 580.
(iv) Credit sale of ₹ 850 to Ram was recorded in the Purchases Book.
(v) Credit sale of old machinery to Sohan for ₹ 1,700 was entered in the Sales Book as ₹ 7,100.
(vi) Bill Receivable for ₹ 5,000 accepted by Mahinder recorded as acceptance given to Mahinder for ₹ 6,000.

ANSWER:

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Question 5: Pass the necessary Journal entries to rectify the following errors:
(i) Credit sale of ₹ 850 to Kishan was posted to Krishan's Account.
(ii) Cash sale of ₹ 850 to Meenu was posted to the credit of Meena.
(iii) Amount of ₹ 1,500 withdrawn from bank by the proprietor for his personal use was debited to Purchases Account.
(iv) Credit sale of old furniture to Mohan for ₹ 1,700 was posted as ₹ 7,100.
(v) Credit sale of old furniture to Babu Ram for ₹ 3,000 was credited to Sales Account.
(vi) Cheque of ₹ 1,280 received from Farid was dishonoured and has been posted to the debit of Sales Return Account.
ANSWER: