Download App

Account 4 Marks Question

Rectification of Errors · CBSE STD 11 Commerce (CBSE - English Medium). 21 questions.

Questions

4 Marks Question

🎯

Test yourself on this topic

21 questions · timed · auto-graded

Question 14 Marks
Give rectifying Journal entries for the following errors:
  1. Goods returned by Mohan of ₹ 1,500 not recorded in books.
  2. Goods distributed as free samples for ₹ 5,000 not recorded.
  3. Depreciation of machinery of ₹ 10,000 not charged.
  4. Goods costing ₹ 780, selling price ₹ 1,000 given as charity not recorded.
View full question & answer→
Question 24 Marks
Rectify the following errors by passing Journal entries:
  1. A sum of ₹ 470 received from Ganga was posted to her debit as ₹ 740.
  2. A debit balance of ₹ 550 in the personal account of Mr. John was undercast.
  3. Bills Receivable from Brown for ₹ 3,000 posted to the credit of Bills Payable Account and credited to Brown’s Account.
  4. Goods returned by Mridul ₹ 225 have been entered in the Returns Outward Book.
View full question & answer→
Question 34 Marks
A Trial Balance disclosed a difference of ₹ 417 placed on the credit side of the Suspense Account. Later on the following errors were located:
  1. Goods worth ₹ 200 purchased from Sohan had been posted to his account as ₹ 250.
  2. A purchase of furniture for ₹ 500 was recorded in the Purchases Book.
  3. Instead of crediting Gian’s Account with ₹ 512, it was debited with ₹ 215.
  4. Goods worth ₹ 130 returned by Gian were entered in the Sales Book and posted therefrom to the credit of Gian’s Personal Account.
Pass the rectifying entries and prepare a Suspense Account.
View full question & answer→
Question 44 Marks
Rectify the following errors assuming that there is no Suspense Account:
  1. The Returns Inward Book has been overcasted by ₹ 200.
  2. Purchases Book carried forward ₹ 75 less.
  3. Sales Book carried forward ₹ 41 less on Page 10 and ₹ 43 more on Page 12.
  4. Goods sold to Gautam were posted as ₹ 215 instead of ₹ 251.
Answer
  1.  
  1.  
  1.  
  1.  

View full question & answer→
Question 54 Marks
How will be the following errors rectified?
  1. Sales Book is short casted by ₹ 5,000.
  2. Sales Return Book is short casted by ₹ 500.
  3. Balance of Sales Book is carried forward short by ₹ 1,000.
  4. Balance of Sales Return Book is carried forward short by ₹ 100.
Answer
Solution is as follows:
View full question & answer→
Question 64 Marks
Which of the following errors will affect the Trial Balance?
  1. The total of the Sales Book has not been posted to the Sales Account.
  2. ₹ 1,000 paid as installation charges of a new machine has been debited to Repairs Account.
  3. Goods costing ₹ 4,000 taken by the proprietor for personal use have been debited to Debtors’ Account.
  4. ₹ 1,000 paid for repairs to building have been debited to Building Account.
Answer
Total of Sales book has not been posted to Sales Account' will affect the Trial Balance because due to this Sales Account undercasts, which results in undercasting of credit side of Trial Balance.
Hence, the correct answer is option (i).
View full question & answer→
Question 74 Marks
Rectify the following errors by passing Journal entries:
  1. Old furniture sold for ₹ 500 has been credited to Sales Account.
  2. Machinery purchased on credit from Raman for ₹ 2,000 recorded through Purchases Book as ₹ 16,000.
  3. Cash received from Rajat ₹ 5,000 was posted to the debit of Bhagat as ₹ 6,000.
  4. Depreciation provided on machinery ₹ 3,000 was posted to Machinery Account as ₹ 300.
View full question & answer→
Question 84 Marks
Give rectifying entries for the following:
  1. ₹ 5,400 received from Mr. A was posted to the debit of his account.
  2. The total of Sales Return Book overcasted by ₹ 800.
  3. ₹ 2,740 paid for repairs to motor car was debited to Motor Car Account as ₹ 1,740.
  4. Returned goods to Shyam ₹ 1,500 were passed through Returns Inward Book.
View full question & answer→
Question 94 Marks
Rectify the following errors:
  1. The total of one page of Sales Book was carried forward as ₹ 371 instead of ₹ 317.
  2. ₹ 540 received from Yatin was posted to the debit of his Account.
  3. Purchases Returns Book was overcast by ₹ 300.
  4. An item of ₹ 1,062 entered in Sales Return Book had been posted to the debit of customer who returned the goods.
  5. ₹ 1,500 paid for furniture purchased had been charged to ordinary Purchase Account.
View full question & answer→
Question 104 Marks
The Trial Balance of M/s. Gupta & Sons shows a difference of $₹\ 52,200$. To prepare the Final Account on $31^{st}$ March, $2019,$ this difference is placed in a Suspense Account. Afterwards the following errors were disclosed. Pass the necessary entries to rectify them and show the Suspense Account.
  1. Purchases Book total had been undercasted by $₹\ 20,000.$
  2. A cheque received from Vasudev for $₹\ 7,800$ had been debited in the Cash Book but not posted in Vasudev’s Personal Account.
  3. Returns Outward Book had been overcasted by $₹\ 10,000.$
  4. Goods returned by Yash Pal worth $₹\ 15,000$ have been entered in Returns Outward Book. However, Yash Pal’s Account is correctly posted.
View full question & answer→
Question 114 Marks
Rectify the following errors:
  1. Sale of old furniture worth ₹ 3,000 treated as sales of goods.
  2. Sales Book added ₹ 5,000 short.
  3. Rent of proprietor’s residence, ₹ 6,500 debited to Rent Account.
  4. Goods worth ₹ 11,970 returned by Manav posted to his debit as ₹ 11,790.
View full question & answer→
Question 124 Marks
Rectify the following errors assuming that there is no Suspense Account:
  1. Salary of ₹ 5,000 paid to Rahul was not posted to Salaries Account.
  2. Sales to Amrish of ₹ 1,430 posted to his account as ₹ 1,340.
  3. Sales to Vijay of ₹ 2,470 posted to his account as ₹ 2,740.
  4. Purchases from Pal of ₹ 1,430 posted to his account as ₹ 1,340.
Answer
  1. Salary of ₹ 5,000 paid to Rahul was not posted to Salaries Account.
  1. Sales to Amrish of ₹ 1,430 posted to his account as ₹ 1,340.
  1. Sales to Vijay of ₹ 2,470 posted to his account as ₹ 2,740.
  1. Purchases from Pal of ₹ 1,430 posted to his account as ₹ 1,340.
View full question & answer→
Question 134 Marks
There was a difference in the Trial Balance of M/s. Jain & Sons, prepared for the year ended 31st March, 2009. The accountant put the difference in Suspense Account.
The following errors were found:
  1. Purchases Return Book total ₹ 400 has not been posted to Ledger Account.
  2. ₹ 5,100 spent on legal expense for the newly acquired Building was debited to the Building Account as ₹ 1,500.
  3. A sale of ₹ 6,540 to Rajat has been credited to his account.
  4. Rectify the errors and show the Suspense Account with Nil closing balance.
View full question & answer→
Question 144 Marks
Give the rectifying entries of the following:
  1. Sales of ₹ 20,000 to Manoj were recorded as ₹ 2,000 in the Sales Book.
  2. An amount of ₹ 25,000 spent for the extension of machinery has been debited to the Wages Account.
  3. Discount received from Ram & Co. ₹ 350, has not been entered in the discount column of the Cash Book.
  4. Goods of ₹ 3,000 sold to Mahesh were recorded in the Purchases Book.
View full question & answer→
Question 154 Marks
Following errors are discovered in the books of Sh. Ram Lal. Make the necessary entries to rectify them:
  1. Purchases Journal was undercasted by ₹ 2,150.
  2. ₹ 500 received from K. Krishna was debited to his account.
  3. An amount of ₹ 3,000 withdrawn by the proprietor of the firm for his personal use was posted to the Travelling Expenses Account.
  4. An amount of ₹ 175 for a credit sale to R. Gopalan correctly entered in the Sales Book, has been debited to his account as ₹ 157.
View full question & answer→
Question 164 Marks
How will be the following errors rectified?
  1. Purchases Book is overcasted by ₹ 10,000.
  2. Purchases Return Book is overcasted by ₹ 1,000.
  3. Purchases Return Book’s balance is carried forward in excess by ₹ 100.
  4. Purchases Book’s balance is carried forward in excess by ₹ 1,000.
View full question & answer→
Question 174 Marks
Pass Journal entries rectifying the following errors:
  1. A cheque for ₹ 10,000 was received from Ranjan on which ₹ 200 Cash Discount was allowed. The cheque was not honoured on due date and the amount of discount was credited to Discount Received Account.
  2. ₹ 2,000 paid as wages for machinery installation was debited to Wages Account.
  3. ₹ 5,000 received from Rakesh were credited to his Personal Account. The amount had been written off as bad debts earlier.
  4. Repair bill of machinery was recorded as ₹ 100 against the bill amount of ₹ 1,000.
View full question & answer→
Question 184 Marks
There was a difference of ₹ 720 in the Trial Balance which has been transferred to the credit side of the Suspense Account. Pass the rectifying entries and prepare a Suspense Account to rectify the following errors:
  1. An amount of ₹ 375 now posted on the debit side of the Commission Account instead of ₹ 275.
  2. Credit amount of ₹ 260 posted to the debit of the Personal Account as ₹ 360.
  3. Goods sold to Surinder recorded in Purchases Book ₹ 300.
  4. D’s bill for erection of godown at a cost of ₹ 1,200 has been charged to the Repairs Account.
View full question & answer→
Question 194 Marks
Give the Journal entries to rectify the following errors:
  1. Purchases Book was overcast by ₹ 1,000.
  2. Installation charges on new machinery purchased ₹ 500 were debited to Sundry Expenses Account as ₹ 50.
  3. Radhey Shyam returned goods worth ₹ 500 which was entered in the Purchases Return Book.
  4. Goods taken by the proprietor for ₹ 5,000 have not been entered in the books at all.
View full question & answer→
Question 204 Marks
Rectify the following errors:
  1. Goods purchased from Kunal for ₹ 8,000 and from Kapil of ₹ 9,000 recorded correctly in the Purchases Book. However, ₹ 9,000 was posted to Kunal and ₹ 8,000 to Kapil.
  2. Anil's Account was excess debited by ₹ 500 while Suraj's Account was short debited by ₹ 500.
  3. Parkar's Account was short credited by ₹ 700 while Manisha's Account was excess credited by ₹ 700.
  4. Goods sold to Roopak for ₹ 1,000 and to Sagar for ₹ 1,800 recorded correctly in the Sales Book. However, ₹ 1,800 was posted to Roopak and ₹ 1,000 to Sagar.
Answer
Solution is as follows.
View full question & answer→
Question 214 Marks
How will you rectify the following errors?
  1. Sales Book is overcasted by ₹ 5,000.
  2. Sales Return Book is short casted by ₹ 500.
  3. Balance of Sales Book is carried forward in excess by ₹ 1,000.
  4. Balance of Sales Return Book is carried forward in excess by ₹ 100.
Answer
Solution is as follows.
View full question & answer→
Generate Paper FreeAll Rectification of Errors topics
4 Marks Question - Account STD 11 Commerce Questions - Vidyadip