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Rectification of Errors — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountRectification of Errors6 Marks
Question
  1. What are the different causes that make a Trial Balance incorrect?
  2. Pass the rectifying Journal entries:
  1. A credit sale of goods for ₹ 2,500 to Krishna has been wrongly passed through the Purchases Book.
  2. ₹ 5,000 paid for freight on machinery purchased was debited to the Freight Account as ₹ 500.
  3. The Returns Inward Book has been wrongly overcasted by ₹ 100.
  4. An amount of ₹ 500 due from Ramesh which had been written off as bad debt in previous year was recovered and had been posted to the Personal Account of Ramesh.
  5. A sum of ₹ 460 owed by Hari had not been included in the list of debtors.
✓

Answer

  1. The following are the causes that make a Trial Balance incorrect.
  1. Incomplete posting of Journal Entry.
  2. Posting in the wrong side of Account.
  3. Wrong totalling of Subsidiary Books.
  4. Wrong balance of Account.
  5. Omission of total of Subsidiary book into Account.
  6. Wrong totalling of the Trial Balance.
  1.  

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