Solution of Q 43 Rectification of Errors TS Grewal Class 11 (2023-24) CBSE
Step-by-step solution of Question 43, Chapter 17 Rectification of Errors, TS Grewal Class 11 Accountancy 2023-24 for the CBSE Board.
Question 43
There was an error in the Trial Balance of Ram Gopal on 31st March, 2023 and the difference in books was carried to the Suspense Account. On going through the books, you find that:
- (i) ₹ 540 received from Mayank was posted to the debit side of his account.
- (ii) ₹ 100 being purchases return was posted to the debit of the Purchases Account.
- (iii) Discount of ₹ 300 received was posted to the debit of the Discount Allowed Account.
- (iv) ₹ 374 paid for motor car repairs was debited to the Motor Car Account as ₹ 174.
- (v) ₹ 400 paid to Naman was debited to the account of Manan.
Pass the Journal entries to rectify the above errors and state what amount was carried to the Suspense 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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