Solution of Q 42 Rectification of Errors TS Grewal Class 11 (2023-24) CBSE
Step-by-step solution of Question 42, Chapter 17 Rectification of Errors, TS Grewal Class 11 Accountancy 2023-24 for the CBSE Board.
Question 42
Rajesh drew a Trial Balance for the year ended 31st March, 2023, There was a difference which he closed through Suspense Account. On a scrutiny, through following errors were found:
- (i) Purchase Book for the month of April 2022 was undercasted by ₹ 1,000.
- (ii) Sales Book of October 2022 was overcasted by ₹ 10,000.
- (iii) A furniture purchased for ₹ 8,100 was entered in the Furniture Account as ₹ 810.
- (iv) Goods taken by the proprietor ₹ 2,000 for gift of his daughter were not recorded.
- (v) Machinery purchased for ₹ 10,000 was entered in the Purchases Book.
Pass necessary Journal entries to rectify the same and ascertain the difference in the Trial Balance that was shown under Suspense Account in respect of the above items.
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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