[ISC] Q 34 Rectification of Errors Solution TS Grewal Class 11 (2023-24)

Solution of solution of Question number 34 of Rectification of Errors TS Grewal class 11 ISC 2023-24?

An accountant while balancing his books found that there was a difference of ₹ 860 in the Trial Balance. The difference was place in the Suspense Account and the books were closed. The following errors were noticed afterwards:

(i) ₹ 5,000 sales proceeds of old machinery had been posted to the Sales Account.

(ii) ₹ 50, the price of goods purchased from Ram, had been shown on the credit side of his account as ₹ 500.

(iii)₹ 30, discount allowed by Shyam, had been shown in his account but not posted to the Discount Account.

(iv) A sum of ₹ 640 owed by Hari had not been included in the list of Debtors.

(v) Account of Shiv had been debited with ₹ 100 on account of goods returned by him.

Pass Journal entries to correct these errors and prepare the Suspense Account.

Solution:-

Below is the list of all the Practical problems

S.N	Solutions
1	Question – 1
2	Question – 2
3	Question – 3
4	Question – 4
5	Question – 5
6	Question – 6
7	Question – 7
8	Question – 8
9	Question – 9
10	Question – 10

S.N	Solutions
11	Question – 11
12	Question – 12
13	Question – 13
14	Question – 14
15	Question – 15
16	Question – 16
17	Question – 17
18	Question – 18
19	Question – 19
20	Question – 20

S.N	Solutions
21	Question – 21
22	Question – 22
23	Question – 23
24	Question – 24
25	Question – 25
26	Question – 26
27	Question – 27
28	Question – 28
29	Question – 29
30	Question – 30

S.N	Solutions
31	Question – 31
32	Question – 32
33	Question – 33
34	Question – 34
35	Question – 35
36	Question – 36
37	Question – 37
38	Question – 38
39	Question – 39