[CBSE] Q 10 solution Rectification of Errors TS Grewal Class 11 (2022-23)

Are you looking for the solution to Question number 10 of the Rectification of Errors of TS Grewal Book class 11, 2022-23 CBSE Board?

Following errors affecting the accounts for the year 2020-21 were detected in the books of Das & Co., Meerut:

(i) Sale of old furniture for ₹ 5,000 was treated as sales of goods.

(ii) Rent of proprietor’s residence ₹ 6,000 was debited to Rent Account.

(iii) Cash received from Rajesh ₹ 2,150 was credited to Brajesh.

Pass the rectifying Journal entries. State the nature of each of these mistakes.

[(i) Error of Principle; (ii) Error of Principle, (iii) Error of Commission.]

Solution:-

i) Error of Principle

ii) Error of Principle

iii) Error of Commission