Solution of Q 26 Rectification of Errors TS Grewal Class 11 (2023-24) CBSE
Step-by-step solution of Question 26, Chapter 17 Rectification of Errors, TS Grewal Class 11 Accountancy 2023-24 for the CBSE Board.
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Question 26
Pass Journal entries rectifying the following errors:
- (i) A cheque for ₹ 20,000 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.
- (ii) ₹ 5,000 paid as wages for machinery installation was debited to Wages Account.
- (iii) ₹ 10,000 received from Rakesh were credited to his Personal Account. The amount had been written off as bad debts earlier.
- (iv) Repair bill of machinery was recorded as ₹ 500 against the bill amount of ₹ 5,000.
Solution
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About this solution
This is Chapter 17 Rectification of Errors of TS Grewal Edition 2023-24.
Written by Vijay Adarsh, teaching commerce since 2003 to Class 11, Class 12, B.Com, CA, CS and CMA students.
We have solved all the practical questions in this book and explained them Step by Step in detail with clear working notes.
Also, we have followed the proper format and workings which are required as per CBSE Guidelines. Just follow our presentation of solutions and score good marks in Accountancy Board Exam.
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