[CBSE] Q 47 solution Rectification of Errors TS Grewal Class 11 (2022-23)

Share your love

Are you looking for the solution to Question number 47 of the Rectification of Errors of TS Grewal Book class 11, 2022-23 CBSE Board?

The bookkeeper of a firm found that his Trial Balance was out (excess credit) by ₹ 742. He placed the amount in a Suspense Account and subsequently found the following errors:

(i) A discount of ₹ 178 was allowed to Ramesh, but in his account only ₹ 100 is recorded.

(ii) The total of the Purchases Book was ₹ 1,000 short.

(iii) A sale of ₹ 375 to Kohli was entered in the Sales Book as ₹ 735.

(iv) From the Purchases Book, Bose’s Account was debited with ₹ 175.

(v) Cash ₹ 250 received from Maitra against debt previously written off was credited to his account.

(vi) Purchase of office furniture worth ₹ 750 on credit from Delhi Furniture was entered in the Purchases Book.

(vii) While carrying forward the total of the Sales Book from one page to another, the amount of ₹ 11,358 was written as ₹ 11,538.

(viii) The proprietor took goods of the value of ₹ 150 for his domestic consumption. No record of it has been made in the books.

Solution:-

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 and can download the Android & ios app for free lectures.

Articles: 5718

Leave a Reply

Your email address will not be published.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

close

Ad Blocker Detected!

Our Website is made possible by displaying online advertisements to our visitors. Please consider supporting us and remove the AD - Blocker to read this article.

Refresh