[CBSE] Q 1 solution Rectification of Errors TS Grewal Class 11 (2022-23)

Are you looking for the solution to Question number 1 of the Rectification of Errors of TS Grewal Book class 11, 2022-23 CBSE Board?

How will be the following errors rectified?

(i) Purchases Book is overcasted by ₹ 20,000.

(ii) Purchases Return Book is overcasted by ₹ 5,000.

(iii) Purchases Return Book’s balance is carried forward in excess by ₹ 500.

(iv) Purchases Book’s balance is carried forward in excess by ₹ 1,000.

Note: The above errors have been identified before the preparation of Trial Balance.

Solution:-

i) As the Purchase book is wrongly casted (totaled) more by ₹ 20,000. Thus Purchase book is credited by ₹ 20,000. It will be rectified by giving a note on the credit side of Purchase A/c as under

“By overcasting the purchase book by — ₹ 20,0000.

ii) As the Purchase Return book is wrongly casted more by ₹ 5,000. Thus purchase Return book is debited by ₹ 5,000. It will be rectified by giving a note on the debit side of Purchase Return A/c as under

“To overcasting the Purchase Return book by –₹ 5,000.

iii) As the Purchase Return book is wrongly forward excess by ₹ 5,000. Thus Purchase Return book is debited by ₹ 5,000. It will be rectified by giving a note on the debit side of Purchase Return A/c as under

‘By Overcasting the Purchase Return book by —- ₹ 500.

iv) As the Purchase book is wrongly carried forward in excess by ₹ 1,000. Thur Purchase Book is credited by ₹ 5,000. It will be rectified by giving a note on the credit side of Purchase A/c as under

“By Overcasting the Purchase Book by —- ₹ 1,000.