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Solution of Q 45 Rectification of Errors TS Grewal Class 11 (2023-24) CBSE

Question 45 of 48Chapter 17Class 11 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 45, Chapter 17 Rectification of Errors, TS Grewal Class 11 Accountancy 2023-24 for the CBSE Board.

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Question 45

Trial Balance of a bookkeeper shows an excess of debits over credits by ₹ 261. This difference is placed in a Suspense Account to facilitate books closure. Later on the following errors were discovered:

  1. (i) A credit item of ₹ 349 has been debited to a Personal Account as ₹ 439.
  2. (ii) A sum of ₹ 625 written off from fixtures as depreciation has not been posted to the Depreciation Account.
  3. (iii) ₹ 9,000 paid for furniture bought have been charged to the Purchases Account.
  4. (iv) A discount allowed to a customer has been credited to him as ₹ 145 in place of ₹ 154.
  5. (v) A sale of ₹ 594 was posted as ₹ 495 in the Sales Account.
  6. (vi) The total of Returns Inward Book has been added ₹ 10 short.

Pass the Journal entries to correct these errors and prepare the Suspense Account.

TS Grewal Class 11 Rectification of Errors Question 45 part 1
TS Grewal Class 11 Rectification of Errors Question 45 part 2

Solution

Solution of Q 45 Rectification of Errors TS Grewal 2023-24 part 1
Solution of Q 45 Rectification of Errors TS Grewal 2023-24 part 2
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Solution of Q 45 Rectification of Errors TS Grewal 2023-24 part 3
Solution of Q 45 Rectification of Errors TS Grewal 2023-24 part 4
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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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