Solution of Q 44 Rectification of Errors TS Grewal Class 11 (2023-24) CBSE
Step-by-step solution of Question 44, Chapter 17 Rectification of Errors, TS Grewal Class 11 Accountancy 2023-24 for the CBSE Board.
Question 44
The accountant of a firm finds that the Trial Balance as on 31st March, 2023 is out by an excess debit of ₹ 283. He placed the amount in the Suspense Account. In the first week of April, 2023, he discovered the following errors. Pass the Journal entries necessary to rectify these errors and show the Suspense Account as it would appear at the end of the week. Have you any comment to make?
- (i) Cash paid to Amar Nath, ₹ 75, was posted to the credit of Amar Singh’s Account as ₹ 57.
- (ii) Discount allowed by Brijesh of ₹ 5 was not entered in the Cash Book but Brijesh stands debited correctly.
- (iii) No entry was made for goods worth ₹ 40 taken away by proprietor for personal use.
- (iv) ₹ 500 received from Jhaveri Bros. for interest on loan advanced to them were recorded in the Cash Book. But the entry was not posted in the Ledger.
- (v) The total of Returns Outward Book was short by ₹ 100.
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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