Solution of Q 41 Rectification of Errors TS Grewal Class 11 (2023-24) CBSE
Step-by-step solution of Question 41, Chapter 17 Rectification of Errors, TS Grewal Class 11 Accountancy 2023-24 for the CBSE Board.
Question 41
The Trial Balance of M/s. Gupta & Sons shows a difference of ₹ 52,200. To prepare the Final Account on 31st March, 2023, 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.
- (i) Purchases Book total had been undercasted by ₹ 20,000.
- (ii) A cheque received from Vasudev for ₹ 7,800 had been debited in the Cash Book but not posted in Vasudev’s Personal Account.
- (iii) Returns Outward Book had been overcasted by ₹ 10,000.
- (iv) Goods returned by Yash Pal worth ₹ 15,000 have been entered in Returns Outward Book. However, Yash Pal’s Account is correctly posted.
Solution
All questions of Chapter 17
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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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