DK Goel Solutions Class 11 Accountancy Rectification of Errors

Read DK Goel Solutions Class 11 Accountancy Rectification of Errors below, These solutions have been prepared based on the latest book for DK Goel Class 11 for current academic year. These solutions for DK Goel Accountancy Class 11 help commerce students understand the concepts of accountancy and build strong base in accounts. Refer to the solutions provided below prepared by CBSE NCERT teachers

Rectification of Errors DK Goel Class 11 Solutions

Class 11 Accountancy students should refer to the following DK Goel Solutions for Class 11 Chapter Rectification of Errors in standard 11. This DK Goel Book for Grade 11 Accountancy will be very useful for exams and help you to score good marks

DK Goel Class 11 Rectification of Errors

Numerical Questions

Question 1. Rectify the following errors:

(i) Credit sales to Mridula Rs. 5,000 were not recorded.
(ii) Credit purchases from Nayna Rs. 8,000 were not recorded.
(iii) Goods returned to Priya Rs. 12,000 were not recorded.
(iv) Goods returned from Rashi Rs. 10,000 were not recorded.

Solution 1:

DK Goel Solutions Class 11 Accountancy Rectification of Errors

Point of Knowledge:-

  1. Maintaining correct accounting records.
  2. Redrafting the Trial Balance with the rectified ledger balances.
  3. Preparation of correct Profit and Loss Account by using the rectified figures to find out the correct profit/loss as the case may be.
  4. Preparation of Balance Sheet with the rectified figures to depict the correct value of the assets and liabilities of the business.
 

Question 2. Rectify the following errors:
(i) Credit sales to Mridula Rs. 5,000 were recorded as Rs. 500.
(ii) Credit purchases from Nayna Rs. 8,000 were recorded as Rs. 800.
(iii) Goods returned to Priya Rs. 12,000 were recorded as Rs. 1,200.
(iv) Goods returned from Rashi Rs. 10,000 were recorded as Rs. 1,000.

Solution 2:

DK Goel Solutions Class 11 Accountancy Rectification of Errors-

Point of Knowledge:-

Errors may or may not affect the Trial Balance but it must be detected and rectified. The process of detecting errors and the procedure to correct the accounting records is called the rectification of errors.

 

Question 3. Rectify the following errors:

(i) Credit sales to Mridula Rs. 5,000 were recorded as Rs. 5,400.
(ii) Credit purchases from Nayna Rs. 8,000 were recorded as Rs. 8,800.
(iii) Goods returned to Priya Rs. 12,000 were recorded as Rs. 12,200.
(iv) Goods returned from Rashi Rs. 10,000 were recorded as Rs. 11,000.

Solution 3:

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q3


Question 4. Give rectifying entries for the following:

(i) A credit sales of goods to Ram Rs. 2,500 has been wrongly passed through the 'Purchases Book'.
(ii) A credit purchase of goods from Shyam amounting to Rs. 1,000 has been wrongly passed through the 'Sales Book'.
(iii) A return of goods worth Rs. 1,100 to Mohan was passed through the 'Sales Return Book'.
(iv) A return of goods worth Rs. 500 by Ganesh were entered in 'Purchases Return Book'.

Solution 4:

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q4

Point of Knowledge:-

Errors may or may not affect the Trial Balance but it must be detected and rectified. The process of detecting errors and the procedure to correct the accounting records is called the rectification of errors.

 

Question 5. Rectify the following errors:-
(i) Goods for Rs. 5,500 were purchased from Modern Traders on credit, but no entry has yet been passed.
(ii) Purchase Return for Rs. 1,500 not recorded in the books.
(iii) Goods for Rs. 2,000 sold to 'Geeta Traders' on Credit were entered in the sales book as Rs. 200 only.
(iv) Goods of the value of Rs. 1,800 returned by Sunil & Co. were included in stock, but no entry was passed in the books.
(v) Goods purchased for Rs. 900, entered in the purchases book as Rs. 9,000.
(vi) An invoice for goods sold to X was overcast by Rs. 100.

Solution 5:

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q5


Question 6. Rectify the following errors:

(i) Sold old furniture to A for Rs. 11,500 was passed through the Sales Book.
(ii) Credit purchases of Rs. 12,000 from Ojas omitted to be recorded in the books.
(iii) Repairs made were debited to Building Account Rs. 7,000.
(iv) Credit sale of Rs. 1,800 to Avikan was recorded as Rs. 8,100.
(v) Rs. 6,000 paid for office furniture was debited to office expenses account.
(vi) A credit sale of goods of Rs. 15,000 to Ramesh has been wrongly passed through the purchases Book.

Solution 6:

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q6

Question 7. Give Journal Entries to rectify the following errors:-

1. Goods purchased from Ajay for Rs. 2,600 were recorded in Sales Book by mistake.
2. Goods for Rs. 4,400 sold to Surendra was passed through Purchase Book.
3. A customer returned goods worth Rs. 1,000. It was recorded in 'Purchase Return Book'.
4. A credit sale of Rs. 126 to Rajesh was entered in the books as Rs. 162.
5. Sale of old chairs and Table for Rs. 700 was treated as sale of goods.
6. Rent of proprietor's residence, Rs. 800, debited to Rent A/c.

Solution 7:

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q7

Point of Knowledge:-

Errors may or may not affect the Trial Balance but it must be detected and rectified. The process of detecting errors and the procedure to correct the accounting records is called the rectification of errors.

 

Question 8. Rectify the following errors:-
1. A sale of goods to Raja Ram for Rs. 2,500 was passed through the Purchases Book.
2. Salary of Rs. 800 paid to Hari Babu was wrongly debited to his personal account.
3. Furniture purchased on credit from Mohan Singh for Rs. 1,000 was entered in the Purchases Book.
4. Rs. 5,000 spent on the extension of buildings was debited to Buildings Repairs Account.
5. Goods returned by Mani Ram Rs. 1,200 were entered in the Returns Outwards Book.

Solution 8:

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q8


Question 9. Rectify the following errors:

(a) Furniture purchased for Rs. 10,000 wrongly debited to Purchases Account.
(b) Machinery purchased on credit from Raman for Rs. 20,000 was recorded through Purchases Book.
(c) Repairs on machinery Rs. 1,400 debited to Machinery Account.
(d) Repairs on overhauling of second hand machinery purchased Rs. 2,000 was debited to Repairs Account.
(e) Sale of old machinery at book value of Rs. 3,000 was credited to Sales Account.

Solution 9:

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q9


Question 10. Pass Journal Entries to rectify the following errors:-

(1) Machinery purchased for Rs. 5,000 has been debited to Purchases A/c.
(2) Rs. 700 paid to Sh. Mohan Kapoor as Legal Charges were debited to his personal account.
(3) Rs. 10,000 paid to Escorts Company for Machinery purchased stand debited to Escorts Company account.
(4) Typewriter purchased for Rs. 6,000 was wrongly passed through purchase book.
(5) Rs. 20,000 paid for the purchase of a Motor Cycle for proprietor has been charged to 'General Expenses' A/c.
(6) Rs. 15,000 paid for the purchase of 'Gas Engine' were debited to 'Purchases' A/c.
(7) Cash paid to Ram Rs. 400 was debited to the account of Shyam.

Solution 10:

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q10

 

Question 11. Rectify the following errors:-

1. Rs. 4,500 spent on the extension of Buildings were debited to Repairs A/c.
2. Wages paid to the firm's own workmen Rs. 3,600 for the installation of a new machinery were posted to Wages Account.
3. Contractor's bill for the construction of a godown at a cost of Rs. 10,000 has been charged to 'Repairs' A/c.
4. Rs. 1,500 paid as Wages to a worker 'Bahadur Singh', has been debited to his personal account.
5. Old furniture sold for Rs. 500 has been credited to Sales Account.
6. A cheque of Rs. 620 received from Ram, has been wrongly credited to Shyam.

Solution 11:

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q11


Question 12. Pass rectifying entries:-

(i) Rs. 5,000 being the cost of a Radio purchased for the personal use of the proprietor has been debited to Radio account in the ledger.
(ii) Goods taken by the proprietor for Rs. 1,000, has not been entered in the books at all.
(iii) A cheque of Rs. 500 received from X was credited to the account of Y and debited to Cash instead of Bank A/c.
(iv) A cheque of Rs. 1,300 received from Ram Lal was dishonoured and debited to 'General Expenses' A/c.
(v) A sum of Rs. 3,000 drawn by the proprietor for his private travel was debited to 'Travelling Expenses A/c'.
(vi) Credit purchase of Rs. 500 from Ajay were posted to the credit of Vijay A/c.
(vii) An amount of Rs. 1,600 due from Chandan Lal was written off as 'Bad-debt' in previous year, was unexpectedly received this year, and has been credited to the account of Chandan Lal.

Solution 12:

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q12

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q12-


Question 13. Rectify the following errors which were detected before preparing the Trial Balance:

(i) Purchase book has been overcast by Rs. 1,000.
(ii) Purchase from Ram Rs. 20,000 has been omitted to be posted to his account.
(iii) Purchase from Shyam Rs. 15,000 has been posted to the debit side of his account.
(iv) Purchase from Ghanshyam Rs. 10,000 has been posted to his account as Rs. 1,000.
(v) Purchase from Sita Ram Rs. 5,000 has been posted to his account as Rs. 50,000.

Solution 13:

(i) Purchases Book has been over-casted by Rs 1,000. Purchases Account will be rectified by recording Rs 1,000 on the credit side of Purchases Account.

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q13

(ii) Purchases from Ram Rs 20,000 has been omitted to be posted to his account. To rectify this error Rs 20,000 should be posted on the credit side of Ram’s Account.

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q13-

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q13-1

 

Question 14. Rectify the following errors which were detected before preparing the Trial Balance:

(i) The total of Sales Book carried forward Rs. 5,000 less.
(ii) A credit sale to Sita Rs. 6,300 posted as Rs. 3,600.
(iii) A credit sale to Radha Rs. 2,400 posted as Rs. 4,200.
(iv) A credit sale to Parbati Rs. 3,000 credited to her account.
(v) A credit sale to Laxmi Rs. 5,600 credited as Rs. 6,500.

Solution 14:

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q14

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q14-


Question 15 (A). Rectify the following errors assuming:-
That no suspense account has been opened with difference in the trial balance.

Solution 15(A):

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q15

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q15-


Question 15 (B).

Rectify the following errors assuming:-
that such a suspense account has been opened.
1. Goods costing Rs. 800 purchased from Sachin on credit were omitted to be credited to his account.
2. Goods costing Rs. 800 purchased from Sachin on credit were credited to his account as Rs. 80.
3. Goods costing Rs. 800 purchased from Sachin on credit were credited to his account as Rs. 880.
4. Goods costing Rs. 800 purchased from Sachin on credit were posted to the debit of his account.
5. Goods costing Rs. 800 purchased from Sachin on credit were posted to the debit of his account as Rs. 80.

Solution 15 (B):

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q15-B


Point of Knowledge:-

Errors may or may not affect the Trial Balance but it must be detected and rectified. The process of detecting errors and the procedure to correct the accounting records is called the rectification of errors.

 

Question 16. Rectify the following errors assuming that Suspense Account was opened. Ascertain the difference in Trial Balance.

(a) Credit sales to Mohan Rs. 7,000 were recorded in Purchase Book. However, Mohan's Account was correctly debited.
(b) Credit purchases from Rohan Rs. 9,000 were recorded in Sales Book. However, Rohan's Account was correctly credited.
(c) Goods returned to Rakesh Rs. 4,000 were recorded in Sale Returns Book. However, Rakesh's Account was correctly debited.
(d) Goods returned from Mahesh Rs. 1,000 were recorded through Purchase Returns Book. However, Mahesh's Account was correctly credited.
(e) Goods returned to Naresh Rs. 2,000 were recorded through Purchases Book. However, Naresh's Account was correctly debited.

Solution 16:

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q16

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q16-

Point of Knowledge:-

Errors may or may not affect the Trial Balance but it must be detected and rectified. The process of detecting errors and the procedure to correct the accounting records is called the rectification of errors.

 

Question 17. There was a difference of Rs. 430 in a Trial Balance. It was placed on the Debit side of a Suspense A/c. Later on the following errors were discovered. Pass rectifying entries and prepare Suspense A/c.
1. Purchases book was overcast by Rs. 100.
2. Sales book was overcast by Rs. 1,000.
3. Goods for Rs. 800 purchased from Umakant, though entered in the purchase book, has not been posted to his account.
4. An amount of Rs. 500 has been posted to the credit side of commission account instead of Rs. 570.
5. Goods sold to Bharti for Rs. 4,400 has been posted to her account as Rs. 4,000.
6. Goods sold to X for Rs. 750 were recorded in purchase book.

Solution 17:

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q16-1

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q16-2


Point of Knowledge:-

Errors may or may not affect the Trial Balance but it must be detected and rectified. The process of detecting errors and the procedure to correct the accounting records is called the rectification of errors.

Question 18. In taking out the Trial Balance, book-keeper finds that he is out Rs. 3,809 excess debit. Being desirous of closing his books he places the difference to a newly opened Suspense A/c which is carried forward. In the next period he discovered that :-
1. Rs. 17,715 received from X has not been posted to his account.
2. A sum of Rs. 9,500 written off as depreciation on fixtures has not been posted to the Depreciation A/c.
3. Rs. 1,50,000 paid for furniture purchased has been charged to Ordinary Purchases A/c.
4. A discount of Rs. 3,742 allowed to a customer has been credited to him as Rs. 3,648.
5. The total of the Inwards return has been added Rs. 900 short.
6. An item of Sale for Rs. 5,900 was posted as Rs. 9,500 in the Sales Account.
Give the rectifying entries and prepare the Suspense Account.

Solution 18:

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q18

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q18-


Question 19. A Book-keeper failed to balance his trial balance, the credit side exceeding the debit side by Rs. 175. This amount was entered in a Suspense Account. Later on the under mentioned errors were discovered:-
1. Goods amounting to Rs. 620 sold to D & Co. were correctly entered in the Sales book, but posted to the Company's A/c as Rs. 260.
2. A credit balance of Rs. 755 of Rent Received account was shown as Rs. 570.
3. The total of Returns Outwards Book amounting to Rs. 200 was not posted to the Ledger.
4. Goods worth Rs. 100 were purchased from Prakash but the amount was entered in the Sales Book. The account of Prakash was correctly credited.
5. Sales Book was undercast by Rs. 100.
6. The total of the credit side of Sohan's account was overcast by Rs. 100.
Give journal entries to rectify these errors and prepare the Suspense Account.

Solution 19:

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q19

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q19-


Question 20. The Trial Balance prepared by a Book-keeper showed a difference of Rs. 1,006 which was placed in a newly opened Suspense Account and carried forward to the next year, when the following errors were discovered:-

(i) Goods purchased for Rs. 99 had been posted to the credit of the supplier as Rs. 990.
(ii) Rs. 75 received as discount from a creditor was duly entered in his account but it was omitted to be posted to discount account.
(iii) Sale of Furniture for Rs. 1,400 had been entered in sales book.
(iv) Rs. 900 due from a customer were omitted to be taken to the Schedule of sundry debtors.
(v) Goods of the value of Rs. 3,000 returned by a customer were taken into the stock but no entry was made in the books.
(vi) Rs. 355 entered in the Sales Returns book had been posted to the debit of the customer who returned the goods.
Give necessary Journal entries to rectify the above errors and prepare suspense account.

Solution 20:

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q20

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q20-


Question 21. A book-keeper finds that the debit side of the trial balance is short of Rs. 308 and so for the time being, he balances the side by putting the difference to suspense account. Subsequently, the following errors were disclosed:
(a) An entry for sale of goods for Rs. 102 to Madhav was posted to his account as Rs. 120.
(b) Rs. 100 being the discount allowed to customers were credited to discount received account in the ledger.
(c) Rs. 275 paid by Madhav were credited to Jadav's account.
(d) Rs. 26 appearing in the cash book as paid for the purchase of stationery for office use have not been posted to ledger.
(e) The debit side of purchases account was under-cast by Rs. 100.
You are required to make the necessary journal entries and the suspense account.

Solution 21:

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q21


DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q21-


Point of Knowledge:-

Errors may or may not affect the Trial Balance but it must be detected and rectified. The process of detecting errors and the procedure to correct the accounting records is called the rectification of errors.

 

Question 22. The accountant of X prepared the Trial Balance at the end of the year on 31st March, 2015. But there was a difference and the accountant put the difference in a Suspense Account. Rectify the following errors found and prepare the Suspense Account:

(a) The total of the returns outward book Rs. 420 has not been posted in the ledger.
(b) A purchase of Rs. 350 from Y has been entered in the sales book. However Y's Account has been correctly entered.
(c) A sale of Rs. 390 to Z has been credited to his account Rs. 290.
(d) Old furniture sold for Rs. 5,400 had been posted as Rs. 4,500 in Sales Account.
(e) Goods taken by the proprietor Rs. 500 have not been entered in the books at all.

Solution 22:

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q22

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q22-


Question 23. Trial Balance of Anuj did not agree. It showed an excess credit of Rs. 6,000. He put the difference to Suspense Account. He discovered the following errors.

(a) Cash received from Ravish Rs. 8,000 posted to his account as Rs. 6,000.
(b) Returns Inwards book overcast by Rs. 1,000.
(c) Total of Sales Book Rs. 10,000 was not posted to Sales Account.
(d) Credit purchases from Nanak Rs. 7,000 were recorded in Sales Book. However, Nanak's Account was correctly credited.
(e) Machinery purchased for Rs. 10,000 was posted to Purchases Account as Rs. 5,000. Rectify the errors and prepare Suspense Account.

Solution 23:

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q23

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q23-


Point of Knowledge:-

Errors may or may not affect the Trial Balance but it must be detected and rectified. The process of detecting errors and the procedure to correct the accounting records is called the rectification of errors.

 

Question 24. Trial Balance of Madan did not agree and he put the difference to Suspense Account. He discovered the following errors:
(a) Sales Returns book overcast by Rs. 800.
(b) Purchases returns to Sahu Rs. 2,000 were not posted to his account.
(c) Goods purchased on credit from Narula Rs. 4,000 though taken into stock, but no entry was passed in the books.
(d) Installation charges on new machinery purchased Rs. 500 were debited to sundry expenses account as Rs. 50.
(e) Rent paid for residential accommodation of Madan (the proprietor) Rs. 1,400 was debited to Rent A/c as Rs. 1,000.
Rectify the errors and prepare Suspense Account to ascertain the difference in Trial Balance.

Solution 24:

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q24

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q24-

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q25


Point of Knowledge:-

Errors may or may not affect the Trial Balance but it must be detected and rectified. The process of detecting errors and the procedure to correct the accounting records is called the rectification of errors.

 

Question 25. There was an error in the Trial Balance of Mr. Steel on 31st March, 2015, and the difference in Books was carried to a Suspense Account. On going through the Books you find that:

(i) Rs. 5,400 received from Mr. A was posted to the debit of his account.
(ii) Rs. 1,000 being purchases return were posted to the debit of Purchases Account.
(iii) Discount received Rs. 2,000 was posted to the debit of Discount Account.
(iv) Rs. 2,740 paid for Repairs to Motor Car was debited to Motor Car Account as Rs. 1,740.
(v) Rs. 4,000 paid to B was debited to A's Account.
Give Journal Entries to rectify the above errors and ascertain the amount transferred to Suspense Account on 31st March, 2015 by showing the Suspense Account, assuming that the Suspense Account is balanced after the above corrections.

Solution 25:

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q25-

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q25-1


Question 26. Rajesh Kumar was unable to reconcile his Trial Balance as on 31st March 2014 and has opened a suspense account from the difference. Later on the following errors were discovered:-

(1) There were three compensating errors:-

(a) The total of Sales Return Book was overcast by Rs. 100.

(b) The total of one page of the Purchase Book was carried forward as Rs. 1,286 instead of Rs. 1,826.

(c) Goods purchased from C for Rs. 400 was debited to his account as Rs. 40.

(2) Rs. 425 paid for wages to workmen for making office table were debited to wages account.

(3) Rent paid Rs. 1,500 were posted to the credit of Rent account as Rs. 150.

(4) Cash received from Ghanshyam Rs. 500 were correctly recorded in cash book but were posted to his account as Rs. 50.

(5) Rs. 720 paid to Kamal has been debited to Kamlesh A/c as Rs. 520.

(6) The total of Purchase Return Book Rs. 2,500 was left unposted.

Pass rectifying entries and prepare Suspense A/c.

Solution 26:

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q26

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q26-


Question 27. A Trial Balance showed excess credit of Rs. 2,728, which were placed in a suspense account. Later on the following errors were located. Pass rectifying entries and prepare Suspense A/c.
1. Rs. 825, the total of purchase return book has been posted to the debit of sales return account.
2. Goods purchased from Suresh Rs. 1,800 recorded in Sales Book as Rs. 180.
3. An item of Rs. 328 written off as a bad debt from Ajay Sharma has not been debited to Bad Debts Account.
4. Goods purchased from X Rs. 3,500 and from Y Rs. 4,000, but were recorded in the purchase book as X Rs. 4,000 and Y Rs. 3,500.
5. Goods returned to Ramesh for Rs. 2,600 was correctly recorded in the return outward book but was wrongly posted to his account as Rs. 260.
6. A sum of Rs. 2,210 stolen by an ex-employee stand debited to Suspense A/c.
7. A sum of Rs. 500 written off as depreciation on Machinery, were not posted to Machinery account.

Solution 27:

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q27

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q27-

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q28


Question 28. A Book-keeper finds the difference in the Trial Balance amounting to Rs. 210 and puts it in the suspense account. Later on he detects the following errors. Rectify these and prepare the Suspense Account:-
1. Goods purchased from Ram Rs. 700 was passed through sales book.
2. Returned goods to Shyam Rs. 1,500 was passed through returns inward book.
3. An Item of Rs. 450 relating to prepaid rent account was omitted to be brought forward.
4. An Item of Rs. 120 in respect of purchase returns, instead of being recorded in Returns outward book has been wrongly entered in the purchase book and posted therefrom to the debit of Personal A/c.
5. Amount payable to Subhash for repairs done to radio Rs. 180 and a new radio supplied for Rs. 1,920, were entered in the Purchase book as Rs. 2,000.
Give full narrations for rectifying journal entries. Which of the above errors affected the agreement of Trial Balance?

Solution 28:

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q28-

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q29



Point of Knowledge:-

Errors may or may not affect the Trial Balance but it must be detected and rectified. The process of detecting errors and the procedure to correct the accounting records is called the rectification of errors.

 

Question 29. In taking out a Trial Balance, an Accountant finds an excess debit of Rs. 1,098. Being desirous of closing his books, he places the difference to Suspense A/c. Later on he detects the following errors:-
1. Goods purchased from Surinder for Rs. 350 has been credited to his account as Rs. 530.
2. Goods sold to Dinesh for Rs. 800 have been debited to his account as Rs. 880.
3. A cheque of Rs. 1,250 received from a debtor had been correctly entered in the cash book but posted to his Personal A/c as Rs. 1,200.
4. Rs. 780, paid for freight on machinery purchased was debited to Freight Account as Rs. 708.
5. Goods to the value of Rs. 130 returned by a customer Navin Kumar had been posted to the debit of his account.
6. Rs. 1,440 paid for repairs to Motor Car were debited to Motor Car A/c as Rs. 1,400.
7. Total of purchase return book Rs. 500 was posted to the debit of Purchase A/c.
Give necessary rectifying entries and prepare suspense account.

Solution 29:

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q29-

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q29--

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q 29


Point of Knowledge:-

Errors may or may not affect the Trial Balance but it must be detected and rectified. The process of detecting errors and the procedure to correct the accounting records is called the rectification of errors.

Question 30. A Book-keeper finds that the totals of his trial balance disagree by Rs. 2,800. He temporarily debits a Suspense Account with this amount and closes the books. On an examination of the books, the following errors are discovered:-
1. The total of Purchase Return Book Rs. 710 was posted Twice.
2. Goods costing Rs. 800 were distributed as free samples but no entry was passed in the books.
3. Purchase of Machinery for Rs. 5,600 on credit was recorded in Purchase Book as Rs. 6,500.
4. Cash Sales to Ram Lal for Rs. 1,200 were recorded in Cash Book as well as in Sales Book and were posted from both.
5. Closing Stock has been overvalued by Rs. 1,500.
6. Sales Return Book was untotalled, though personal accounts were posted Rs. 1,580.
7. No entries have been made in the Cash Book for the Insurance Premium directly paid by bank Rs. 700 and interest charged on overdraft Rs. 320.
8. A sum of Rs. 200 for Drawings on the Credit Side of Cash Book was not posted to the Drawings account.
Pass entries to rectify the above errors. Close the Suspense Account already opened.

Solution 30:

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q 30

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q 30-

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q 30-1


Point of Knowledge:-

Suspense Account is the account to which the difference in the Trial Balance is placed and it is opened when the Trial Balance doesn't match. The Suspense Account is placed in the debit side if the total debit amount is less than the total credit amount and vice versa. The Suspense Account is transferred to the asset side of the Balance sheet in case of a debit balance of a Suspense Account, otherwise transferred to the liabilities side of the in case of a credit balance. Suspense Account is used to rectify all one sided errors which affect the Trial Balance. Suspense Account is the net effect of one sided errors. Errors are rectified by entering the amount to the debit of the correct account and then credit is placed in the Suspense Account.

 

Question 31. Give rectifying journal entries for the following errors:

(a) Sale of goods to Madan Rs. 6,000 were entered in the sales book as Rs. 600.
(b) A credit purchase of Rs. 1,500 from Ajay has been wrongly passed through the sales book.
(c) Repairs to building Rs. 300 were debited to building account.
(d) Rs. 2,050 paid to Rohit is posted to the debit of Mohit's account as Rs. 5,020.
(e) Purchase return book is overcast by Rs. 400.

Solution 31:

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q 31


Point of Knowledge:-

Suspense Account is the account to which the difference in the Trial Balance is placed and it is opened when the Trial Balance doesn't match. The Suspense Account is placed in the debit side if the total debit amount is less than the total credit amount and vice versa. The Suspense Account is transferred to the asset side of the Balance sheet in case of a debit balance of a Suspense Account, otherwise transferred to the liabilities side of the in case of a credit balance. Suspense Account is used to rectify all one sided errors which affect the Trial Balance. Suspense Account is the net effect of one sided errors. Errors are rectified by entering the amount to the debit of the correct account and then credit is placed in the Suspense Account.

 

Question 32. Rectify the following errors:

(i) The Sales Book has been totalled Rs. 1,000 short.
(ii) Goods worth Rs. 1,500 returned by Green and Co. have not been recorded anywhere.
(iii) Goods purchased worth Rs. 2,500 have been posted to the debit of the supplier, Gupta and Co.
(iv) Furniture purchased from Gulab and Co. worth Rs. 10,000 has been entered in Purchases Day Book.
(v) Cash received from A Rs. 2,500 has not been posted in his account.

Solution 32:

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q 32


Point of Knowledge:-

Suspense Account is the account to which the difference in the Trial Balance is placed and it is opened when the Trial Balance doesn't match. The Suspense Account is placed in the debit side if the total debit amount is less than the total credit amount and vice versa. The Suspense Account is transferred to the asset side of the Balance sheet in case of a debit balance of a Suspense Account, otherwise transferred to the liabilities side of the in case of a credit balance. Suspense Account is used to rectify all one sided errors which affect the Trial Balance. Suspense Account is the net effect of one sided errors. Errors are rectified by entering the amount to the debit of the correct account and then credit is placed in the Suspense Account.

Question 33. Rectify the following errors by means of Journal entries:
(i) A cheque of Rs. 5,000 received from Ashish was dishonoured and was debited to Discount Account.
(ii) Purchase of Rs. 540 from Ramneek was written in Sales day book, but was correctly posted to correct side of Ramneek’s Account.
(iii) Salary paid to Miss Yugakshi Rs. 1,000 was debited to her personal account as Rs. 900.
(iv) Furniture costing Rs. 500, purchased from Jyoti, was wrongly entered in Purchase book as Rs. 450.

Solution 33:

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q 32-


Point of Knowledge:-

Suspense Account is the account to which the difference in the Trial Balance is placed and it is opened when the Trial Balance doesn't match. The Suspense Account is placed in the debit side if the total debit amount is less than the total credit amount and vice versa. The Suspense Account is transferred to the asset side of the Balance sheet in case of a debit balance of a Suspense Account, otherwise transferred to the liabilities side of the in case of a credit balance. Suspense Account is used to rectify all one sided errors which affect the Trial Balance. Suspense Account is the net effect of one sided errors. Errors are rectified by entering the amount to the debit of the correct account and then credit is placed in the Suspense Account.

Question 34. During the course of an accounting year, the accountant prepared a trial balance which did not tally. He put the difference in a suspense account. Subsequently, he located the following errors in his books of account:
(i) The total of the returns outwards book, Rs. 21,500 has not been posted.
(ii) A sale of Rs. 4,300 to Ramesh has been credited to him as Rs. 3,400.
(iii) A sale of Rs. 2,960 to Shyam has been recorded in sales book as Rs. 2,690.
(iv) Old furniture sold for cash worth Rs. 5,400 has been posted in sales account as Rs. 4,500. There was no profit or loss on sale.
(v) Goods taken by proprietor worth Rs. 1,000 have not been recorded in the books of account at all.
Pass journal entries of rectify the above mentioned errors and prepare suspense account assuming no error has remained undetected.

Solution 34:

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q 34

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q 34-


Point of Knowledge:-

Errors may or may not affect the Trial Balance but it must be detected and rectified. The process of detecting errors and the procedure to correct the accounting records is called the rectification of errors.

Question 35. During the course of an accounting year, an Accountant found a difference in the tiral balance. He puts this difference in a newly opened suspense account. Subsequently, he located the following errors in his books of account:
(i) Goods purchased from Shiv for Rs. 10,000, but entered in sales book.
(ii) Received a bill receivable for Rs. 18,000 from Ganesh, but recorded in bills payable book.
(iii) An item of Rs. 4,000 in respect of purchases returns, wrongly debited to purchases account.
(iv) An item of Rs. 2,000 relating to pre-paid salary account omitted to be brought forward.
(v) Paid Rs. 1,000 on account of repair of furniture, but wrongly debited to furniture account.
Pass journal entries to rectify the above mentioned errors and prepare suspense account assuming that no error remained undetected.

Solution 35:

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q 35

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q 35-


Point of Knowledge:-

Suspense Account is the account to which the difference in the Trial Balance is placed and it is opened when the Trial Balance doesn't match. The Suspense Account is placed in the debit side if the total debit amount is less than the total credit amount and vice versa. The Suspense Account is transferred to the asset side of the Balance sheet in case of a debit balance of a Suspense Account, otherwise transferred to the liabilities side of the in case of a credit balance. Suspense Account is used to rectify all one sided errors which affect the Trial Balance. Suspense Account is the net effect of one sided errors. Errors are rectified by entering the amount to the debit of the correct account and then credit is placed in the Suspense Account.

 

Question 36. Pass journal entries to rectify the following errors. The trial balance had Rs. 1,260 excess credit. The difference has been posted to a suspense account:
(i) The total of returns inwards book has been cast Rs. 2,000 short.
(ii) The purchase of an office table costing Rs. 6,000 has been passed through the purchases day book.
(iii) A sum of Rs. 7,500 paid to workman for wages for making showcases has been charged to wages account.
(iv) A purchase of Rs. 1,340 has been posted to the creditor's account as Rs. 600.
(v) A cheque of Rs. 4,000 received from Y has been dishonoured; it has been posted to the debit of allowances account.
After passing journal entries, prepare the suspense account.

Solution 36:

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q36

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q36-

Point of Knowledge:-

Suspense Account is the account to which the difference in the Trial Balance is placed and it is opened when the Trial Balance doesn't match. The Suspense Account is placed in the debit side if the total debit amount is less than the total credit amount and vice versa. The Suspense Account is transferred to the asset side of the Balance sheet in case of a debit balance of a Suspense Account, otherwise transferred to the liabilities side of the in case of a credit balance. Suspense Account is used to rectify all one sided errors which affect the Trial Balance. Suspense Account is the net effect of one sided errors. Errors are rectified by entering the amount to the debit of the correct account and then credit is placed in the Suspense Account.

 

Question 37. The books of Ramesh did not agree. The difference of Rs. 12,700 in trial balance was placed to the debit of suspense account. Subsequently, the following errors were located. Pass journal entries to rectify the errors and prepare the suspense account:
(i) The total of the purchases returns book, Rs. 2,100 has not been posted.
(ii) A sale of Rs. 4,300 to Ram has been credited to his account as Rs. 3,400.
(iii) A purchase from Suresh for Rs. 4,000 has been entered in the sales book. However, Suresh has been correctly credited with Rs. 4,000.
(iv) Old furniture sold on credit for Rs. 5,400 has been recorded in the sales account as Rs. 4,500.
(v) Goods taken away by Ramesh, the proprietor for his personal use worth Rs. 750 has not been recorded in the books of accounts at all.

Solution 37:

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q37

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q37-

Point of Knowledge:-

Errors may or may not affect the Trial Balance but it must be detected and rectified. The process of detecting errors and the procedure to correct the accounting records is called the rectification of errors.

 

Question 38. Rectify the following errors by passing Journal entries:

(i) Old furniture sold for Rs. 500 has been credited to Sales Account.
(ii) Machinery purchased on credit from Raman for Rs. 2,000 recorded through Purchases Book as Rs. 16,000.
(iii) Cash received from Rajat Rs. 5,000 was posted to the debit of Bhagat as Rs. 6,000.
(iv) Depreciation provided on machinery Rs. 3,000 was posted to Machinery Account as Rs. 300.

Solution 38:

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q38


Point of Knowledge:-

Errors may or may not affect the Trial Balance but it must be detected and rectified. The process of detecting errors and the procedure to correct the accounting records is called the rectification of errors.

 

Question 39. Pass Journal entries of rectify the following errors which were located after preparing the Trial Balance:
(a) The Sales Book was overcast by Rs. 500.
(b) Credit purchases from Aradhya Rs. 6,000 were posted to the debit of her account as Rs. 9,000.
(c) Goods returned from Ayan Rs. 8,000 were recorded in Purchases Return Book.
(d) Wages paid Rs. 3,980 were recorded in the Cash Book as Rs. 3,890.

Solution 39:

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q39

Point of Knowledge:-

Suspense Account is the account to which the difference in the Trial Balance is placed and it is opened when the Trial Balance doesn't match. The Suspense Account is placed in the debit side if the total debit amount is less than the total credit amount and vice versa. The Suspense Account is transferred to the asset side of the Balance sheet in case of a debit balance of a Suspense Account, otherwise transferred to the liabilities side of the in case of a credit balance. Suspense Account is used to rectify all one sided errors which affect the Trial Balance. Suspense Account is the net effect of one sided errors. Errors are rectified by entering the amount to the debit of the correct account and then credit is placed in the Suspense Account.

 

Question 40. Rectify the following errors:-

(a) Rs. 500 paid for the purchases of Radio set for the proprietor debited to General expenses account.
(b) Goods sold to Ram for Rs. 300 have been entered in the purchase book. However the account of Ram stands correctly posted.
(c) An amount of Rs. 50 paid to Kewal has been credited to the account of Kanwal.
(d) A sum of Rs. 450 paid as rent has been debited to Landlord's personal account.
(e) Wages paid for the month Rs. 300 was posted twice.
(f) Sales return book was undercast by Rs. 10.
(g) Goods for Rs. 100 have been returned by a customer. These have been taken into stock but no entry in respect thereof has been made in the books.
(h) Repairs Rs. 500 debited to machinery account as Rs. 550.

Solution 40:

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q40

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q40-


Point of Knowledge:-

  1. Errors of Omission
  2. Errors of Commission
  3. Errors of Principle
  4. Compensating Errors of omission and compensating errors do not affect the agreement of a Trial Balance.
 

Question 41. Pass journal entries to rectify the following errors detected during preparation of Trial Balance:

(i) Purchases book is undercast by Rs. 1,000.
(ii) Wages paid for construction of office debited to wages account Rs. 20,000.
(iii) A credit sale of goods Rs. 1,200 to Ramesh has been wrongly passed through the purchase book.
(iv) Goods purchased for Rs. 5,000 were posted as Rs. 500 to the purchases account.
(v) An amount of Rs. 2,000 due from Mahesh Chand, which had been written off as a bad debt in a previous year was unexpectedly recovered and has been posted to the personal account of Mahesh Chand.
(vi) A credit purchase of Rs. 1,040 from Ramesh was passed in the books as Rs. 1,400.
(vii) Goods (Cost Rs. 5,000; Sales Price Rs. 6,000) distributed as free samples among prospective customers was not recorded anywhere.
(viii) Goods worth Rs. 1,500 returned by Green and Co. have not been recorded anywhere.

Solution 41:

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q41


Point of Knowledge:-

Suspense Account is the account to which the difference in the Trial Balance is placed and it is opened when the Trial Balance doesn't match. The Suspense Account is placed in the debit side if the total debit amount is less than the total credit amount and vice versa. The Suspense Account is transferred to the asset side of the Balance sheet in case of a debit balance of a Suspense Account, otherwise transferred to the liabilities side of the in case of a credit balance. Suspense Account is used to rectify all one sided errors which affect the Trial Balance. Suspense Account is the net effect of one sided errors. Errors are rectified by entering the amount to the debit of the correct account and then credit is placed in the Suspense Account.

 

Question 42. Rectify the following errors found in the books of Mr. Suhail by passing entries:

(i) One item of purchase of Rs. 250 has been posted from the purchases book to the ledger as Rs. 350.
(ii) Sales return of Rs. 2,000 from a party has not been posted to that account, through the party's account has been credited.
(iii) A cheque of Rs. 600 issued to the suppliers account (shown under Sundry Creditors) toward his dues had been wrongly debited to the purchases account.
(iv) Credit sale of Rs. 1,000 has been credited to the sales and also to the Sundry Debtor's Account.

Solution 42:

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q42


 Point of Knowledge:-

  1. Errors of Omission
  2. Errors of Commission
  3. Errors of Principle
  4. Compensating Errors of omission and compensating errors do not affect the agreement of a Trial Balance.
 

Question 43. Rectify the following errors:

(a) Bought Radio for Rs. 1,000 for the proprietor was debited to General Expenses A/c.
(b) Bought goods from Mohan Rs. 2,000 was passed through the Sales Book, however, the account of Mohan was credited correctly.
(c) Wages due Rs. 1,500 has not been taken into account.
(d) Goods Returned by Kamal Rs. 240 has been debited to his account Rs. 420.

Solution 43:

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q43


Point of Knowledge:-

  1. Errors of Omission
  2. Errors of Commission
  3. Errors of Principle
  4. Compensating Errors of omission and compensating errors do not affect the agreement of a Trial Balance.
 

Question 44. Rectify the following errors found in the books of Mr. Aryan by passing entries:

(i) The purchase of Rs. 610 from Kabir was entered into sales book but Kabir's personal account was rightly credited.
(ii) Sale of old furniture of Rs. 2,500 was credited to sales account as Rs. 250.
(iii) An item of Rs. 500 relating to prepaid insurance account was omitted to be brought forward from the previous year's books.
(iv) Rs. 220 discount received from a creditor had been duly entered in his account but not posted to discount received account.

Solution 44:

DK Goel Solutions Class 11 Accountancy Rectification of Errors-Q44


Point of Knowledge:-

  1. Errors of Omission
  2. Errors of Commission
  3. Errors of Principle
  4. Compensating Errors of omission and compensating errors do not affect the agreement of a Trial Balance.














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