[CBSE] Q 1 solution Rectification of Errors TS Grewal Class 11 (2023-24)

Share your love

Are you looking for the solution to Question number 1 of the Rectification of Errors of TS Grewal Book class 11, 2023-24 CBSE Board?

How will be the following errors rectified?

(i) Purchases Book is overcasted by ₹ 10,000.

(ii) Purchases Return Book is overcasted by ₹ 10,000.

(iii) Purchases Return Book’s balance is carried forward in excess by ₹ 2,000.

(iv) Purchases Book’s balance is carried forward in excess by ₹ 5,000.

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 — ₹ 10,0000.

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 –₹ 10,000.

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 —- ₹ 2,000.

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 —- ₹ 5,000.

Following is the list of all unsolved Practical questions of Rectification of Errors chapter TS Grewal

S.NSolutions
1Question – 1
2Question – 2
3Question – 3
4Question – 4
5Question – 5
6Question – 6
7Question – 7
8Question – 8
9Question – 9
10Question – 10
S.NSolutions
11Question – 11
12Question – 12
13Question – 13
14Question – 14
15Question – 15
16Question – 16
17Question – 17
18Question – 18
19Question – 19
20Question – 20
S.NSolutions
21Question – 21
22Question – 22
23Question – 23
24Question – 24
25Question – 25
26Question – 26
27Question – 27
28Question – 28
29Question – 29
30Question – 30
S.NSolutions
31Question – 31
32Question – 32
33Question – 33
34Question – 34
35Question – 35
36Question – 36
37Question – 37
38Question – 38
39Question – 39
40Question – 40
S.NSolutions
41Question – 41
42Question – 42
43Question – 43
44Question – 44
45Question – 45
46Question – 46
47Question – 47
48Quesiton – 48
Share your love
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 for free lectures

Articles: 7382

Leave a Reply

Your email address will not be published. Required fields are marked *

x