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

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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

“By 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.

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Anurag Pathak
Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his youtube channel and can download the Android & ios app for free lectures.

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One comment

  1. Please check, in part(iii) of question 1, you have written ‘By overcasting the purchase account by Rs. 500’

    I think this should be checked because the part below it is same as this one but it is of purchase book and not purchase return book. Yet the answers are the same.

    I think the answer of this should be ‘To overcasting the purchase return account by Rs. 500’

    Please correct me if I’m wrong 🙂

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