Solution of Q 40 Rectification of Errors TS Grewal Class 11 (2023-24) CBSE
Step-by-step solution of Question 40, Chapter 17 Rectification of Errors, TS Grewal Class 11 Accountancy 2023-24 for the CBSE Board.
Question 40
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:
- (i) An amount of ₹ 375 now posted on the debit side of the Commission Account instead of ₹ 275.
- (ii) Credit amount of ₹ 260 posted to the debit of the Personal Account as ₹ 360.
- (iii) Goods sold to Surinder recorded in Purchases Book ₹ 300.
- (iv) D’s bill for erection of godown at a cost of ₹ 1,200 has been charged to the Repairs Account.
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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