[ISC] Q 37 Rectification of Errors Solution TS Grewal Class 11 (2023-24)

Share your love

Solution of solution of Question number 37 of Rectification of Errors TS Grewal class 11 ISC 2023-24?

An accountant could not tally the Trial Balance. The difference was temporarily placed to Suspense Account for preparing the final accounts. The following errors were discovered later:

(i) The Sales Book was undercast by ₹ 530.

(ii) Entertainment expenses ₹ 95 though correctly entered in the Cash Book were omitted to be posted in the Ledger.

(iii) Commission of ₹ 25 paid was posted twice, once to Discount Account and then to Commission Account.

(iv) A sale of ₹ 139 to Ramnath, though correctly entered in the book was posted wrongly to his account as ₹ 193.

You are required to pass necessary rectifying Journal entries in teh books of the next accounting year so as not to affect the profit of that year.

Solution:-

Below is the list of all the Practical problems

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
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: 6553

Leave a Reply

Your email address will not be published.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

x