11th Accountancy Monthly Test - 3 ( Rectification of Errors )

MABS Institution

11th Accountancy Monthly Test - 3 ( Rectification of Errors )-Aug 2020

Time : 2.00 Hours

Part - A

Generic 2 - Answer All Question

Rectify the following errors located after the preparation of trial balance:
(a) Purchases book was undercast by Rs.900.
(b) Sale of old furniture for Rs.1,000 was credited to sales account.
(c) Purchase of goods from Arul for Rs.1,500 on credit was not recorded in the books

The following errors were detected before the preparation of trial balance. Rectify them.
(a) Sales book is undercast by Rs 100
(b) Sales book is overcast by Rs 200
(c) Purchases book is undercast by Rs 300
(d) Purchases book is overcast by Rs 400

Rectify the following errors before preparing trial balance:
(a) The total of purchases book was carried forward Rs.90 less.
(b) The total of purchases book was carried forward Rs.180 more.
(c) The total of sales book was carried forward Rs.270 less.
(d) The total of sales returns book was carried forward Rs.360 more.
(e) The total of purchase returns book was carried forward Rs.450 less.

What is meant by error of principle?

What are compensating errors?

What is error of omission?

Sales of Rs 30,000 by ABC Ltd was recorded in the sales book as Rs 3,000. The accountant has come to know about it but it was his last day in the company as he has already resigned. He presented the sales figures to the management without rectifying error.
(i) Rectify the error
(ii) Identify the value being overlooked by th accountant

Will the trial balance agree in case of errors of partial omission? Why?

Rectify the following errors assuming that the trial balance is yet to be prepared:
(a) Sales book was undercast by Rs.400
(b) Sales returns book was overcast byRs.500
(c) Purchases book was undercast by Rs.600
(d) Purchases returns book was overcast by Rs.700
(e) Bills receivable book was undercast by Rs.800

What is meant by error of partial omission?

The following errors were detected before preparation of trial balance. Rectify them.
(a) The total of purchases book is carried forward to the next page Rs 100 short.
(b) The total of purchases returns book is carried forward to the next page Rs 200 excess.
(c) The total of sales book is carried forward to the next page Rs 300 excess.
(d) The total of sales returns book is carried forward to the next page Rs 400 short.

What do you mean by errors?

State the account/s affected in each of the following errors:
(a) Goods sold to Vasu on credit for Rs.1,000 was not recorded in the sales book.
(b) The total of sales book Rs.2,500 was posted twice.

What is meant by rectification of errors?

Part - B

Generic 3 - Answer All Question

Rectify the following errors assuming that the trial balance is already prepared and the difference was placed to suspense account:
(a) Sales book was undercast by Rs.250
(b) Purchases book was undercast by Rs.120
(c) Sales book was overcast by Rs.130
(d) Bills receivable book was undercast by Rs.75
(e) Purchases book was overcast by Rs.35.

The following errors were located before the preparation of the trial balance. Rectify them.
(a) Goods sold to Anand for Rs 1,000 on credit was not entered in the sales book.
(b) An amount of Rs 400 paid for repairs to the machinery stands wrongly posted to machinery account.
(c) Salaries Rs 2,000 paid to Gandhiraj was wrongly debited to his personal account in the ledger.

Rectify the following errors.
(i) The Sales book of December was added short by Rs 500.
(ii) A periodical total of the Purchases book was short by Rs 5,000.
(iii) The total of Purchases return Book has been undercast by Rs 1,500.
(iv) The Sales return book is added Rs 200 short.

The following errors were located after the preparation of trial balance. The difference in trial balance has been taken to suspense account. Rectify them.
(a) The total of purchases book was carried forward Rs.70 less.
(b) The total of sales book was carried forward Rs.340 more.
(c) The total of purchases book was carried forward Rs.150 more.
(d) The total of sales book was carried forward Rs.200 less.
(e) The total of purchase returns book was carried forward Rs.350 less

Write a note on suspense account

The Accountant in a firm committed the following errors.
(a) Rent paid to landlord Rs 12,600 was debited to the Landlord's personal account.
(b) Sold Computer for Rs 6,000 was entered in sales account.
(c) Cash drawn by the proprietor for his personal use Rs 7,400 was debited to Trade expenses account.
(d) Repairs to machinery Rs 500 was passed through the Machinery account. Rectify the above errors.

The following errors were located at the time of preparation of the trial balance. Pass rectifying entries.
(a) Goods of the value of Rs 100 returned by Bhuvana were included in stock, but no entry was made in the books.
(b) Sale of goods to Mani on credit for Rs 475 has been wrongly entered in the sales book as Rs 745.
(c) A cheque of Rs 500 received from Sandhiya was dishonoured and debited to allowances account.
(d) A sum of Rs 300 drawn by the proprietor for personal use was debited to wages account.

What are the errors not disclosed by a trial balance?

The following errors were located after the preparation of the trial balance. Assume that there exists a suspense account. Rectify them.
(a) Sale of goods on credit to Arun for Rs 152 posted to his account as Rs 125.
(b) Bought goods from Lakshmi on credit for Rs 550, credited to her account as Rs 505.
(c) Purchase of furniture from Abirupa for Rs 404 on credit was debited to furniture account as Rs 440.
(d) Purchased machinery for cash Rs 200 was not posted to machinery account.
(e) The total of purchases book Rs 89 was carried forward as Rs 98.

What are the types of errors at the stage of preparing trial balance?

The following errors were detected before preparation of the trial balance. Rectify them.
(a) A sum of Rs 5,000 written off as depreciation on buildings has not been posted to depreciation account.
(b) Payment of wages Rs 2,000 to Venkat was posted twice to wages account.
(c) An amount of Rs 250 for a credit sale of goods to Nila, although correctly entered in the sales book, has been posted as Rs 200.

The following errors were located by the accountant after the preparation of trial balance.There exists a suspense account. Rectify them.
(a) The total of the discount column of Rs.1,180 on the debit side of the cash book was not posted.
(b) Purchase of goods from Arivuchelvan on credit for Rs.600 was posted to the debit side of his account.
(c) The total of the discount column on the credit side of the cash book was undercast by Rs.400.
(d) The total of sales returns book of Rs.570 was posted twice.
(e) Sold goods to Mukil on credit for Rs.87 was posted to her account as Rs.78.

What are the types of errors at the stage of joumalising?

Pass the journal entries rectifying the following errors:
(i) Purchases of office furniture of Rs 10,000 was recorded in Purchases book.
(ii) Office rent of Rs 15,000 was debited to the personal account of the landlord.
(iii) Old machine was sold for Rs 5,000 was credited to Sales account.

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11th Accountancy Monthly Test - 3 ( Rectification of Errors )

MABS Institution

11th Accountancy Monthly Test - 3 ( Rectification of Errors )-Aug 2020

Part - A

Generic 2 - Answer All Question

Rectify the following errors located after the preparation of trial balance: (a) Purchases book was undercast by Rs.900. (b) Sale of old furniture for Rs.1,000 was credited to sales account. (c) Purchase of goods from Arul for Rs.1,500 on credit was not recorded in the books

The following errors were detected before the preparation of trial balance. Rectify them. (a) Sales book is undercast by Rs 100 (b) Sales book is overcast by Rs 200 (c) Purchases book is undercast by Rs 300 (d) Purchases book is overcast by Rs 400

What is meant by error of principle?

What are compensating errors?

What is error of omission?

Will the trial balance agree in case of errors of partial omission? Why?

What is meant by error of partial omission?

What do you mean by errors?

State the account/s affected in each of the following errors: (a) Goods sold to Vasu on credit for Rs.1,000 was not recorded in the sales book. (b) The total of sales book Rs.2,500 was posted twice.

What is meant by rectification of errors?

Part - B

Generic 3 - Answer All Question

Rectify the following errors. (i) The Sales book of December was added short by Rs 500. (ii) A periodical total of the Purchases book was short by Rs 5,000. (iii) The total of Purchases return Book has been undercast by Rs 1,500. (iv) The Sales return book is added Rs 200 short.

Write a note on suspense account

What are the errors not disclosed by a trial balance?

What are the types of errors at the stage of preparing trial balance?

What are the types of errors at the stage of joumalising?

Pass the journal entries rectifying the following errors: (i) Purchases of office furniture of Rs 10,000 was recorded in Purchases book. (ii) Office rent of Rs 15,000 was debited to the personal account of the landlord. (iii) Old machine was sold for Rs 5,000 was credited to Sales account.

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Rectify the following errors located after the preparation of trial balance:
(a) Purchases book was undercast by Rs.900.
(b) Sale of old furniture for Rs.1,000 was credited to sales account.
(c) Purchase of goods from Arul for Rs.1,500 on credit was not recorded in the books

The following errors were detected before the preparation of trial balance. Rectify them.
(a) Sales book is undercast by Rs 100
(b) Sales book is overcast by Rs 200
(c) Purchases book is undercast by Rs 300
(d) Purchases book is overcast by Rs 400

State the account/s affected in each of the following errors:
(a) Goods sold to Vasu on credit for Rs.1,000 was not recorded in the sales book.
(b) The total of sales book Rs.2,500 was posted twice.

Rectify the following errors.
(i) The Sales book of December was added short by Rs 500.
(ii) A periodical total of the Purchases book was short by Rs 5,000.
(iii) The total of Purchases return Book has been undercast by Rs 1,500.
(iv) The Sales return book is added Rs 200 short.

Pass the journal entries rectifying the following errors:
(i) Purchases of office furniture of Rs 10,000 was recorded in Purchases book.
(ii) Office rent of Rs 15,000 was debited to the personal account of the landlord.
(iii) Old machine was sold for Rs 5,000 was credited to Sales account.