11th Accountancy Weekly Test - 2 ( Rectification of Errors )

MABS Institution

11th Accountancy Weekly Test - 2 ( Rectification of Errors )-Aug 2020

Time : 1.30 Hours

Part - A

Generic 2 - Answer All Question

Rectify the following errors after preparation of trial balance:
(a) Salary paid to Ram Rs.1,000 was wrongly debited to his personal account.
(b) A credit sale of goods to Balu for Rs.450 was debited to Balan.

What are compensating errors?

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

What is meant by error of complete omission?

Rectify the following errors discovered before the preparation of the trial balance:
(a) Sales book was undercast by Rs.100
(b) Purchases returns book was overcast by Rs.200

Rectify the following errors before the preparation of trial balance:
(a) Returns outward book was undercast by Rs.2,000
(b) Returns inward book total was taken as Rs.15,000 instead of Rs.14,000
(c) The total of the purchases account was carried forward Rs.100 less

What is meant by error of principle?

What do you mean by errors?

Rectify the following errors discovered after the preparation of the trial balance:
(a) Rent paid was carried forward to the next page Rs.500 short.
(b) Wages paid was carried forward Rs.250 excess.

What is error of commission?

Part - B

Generic 5 - Answer All Question

Rectify the following journal entries.

Particulars L.F. Dr. Cr.

a Purchases A/c Dr 5,000

To Cash A/c 5,000

(Furniture purchased for cash)

b Nila A/c Dr 8,000

To Cash A/c 8,000

(Salary paid to Nila)

c Kuralamudhu A/c Dr. 2,000

To Cash A/c 2,000

(Rent paid to Kuralamudhu)

d Cash A/c Dr 9,000

To Sales A/c 9,000

(Furniture sold for cash)

e Cash A/c Dr 6,000

To Kothaimalar A/c 6,000

(Goods sold to Kothaimalar for cash)

A book-keeper finds that the debit column of the trial balance is short by Rs.308 and the difference is put to a suspense account. Subsequently, the following errors were located.
(a) An entry for sale of goods on credit for Rs 102 to Mekala was posted to her account as Rs.120.
(b) Rs.100 being the monthly total of discount allowed to customers was credited to discount received account in the ledger.
(c) Rs.275 paid by Mannan was credited to Kannan account.
(d) Rs. 26 appearing in the cash book as paid for the purchase of stationery for office use has not been posted to ledger.
(e) The purchases book was undercast by Rs.100.
Rectify the errors and prepare suspense account.

Rectify the following journal entries

Particulars L.F. Dr. Rs Cr. Rs

a Kumanan A/c Dr 10,000

To Cash A/c 10,000

(Salary paid to Kumanan)

b Senguttuvan A/c Dr 6,000

To Cash A/c 6,000

(Rent paid to Senguttuvan)

c Cash A/c Dr 2,000

To Sales A/c 2,000

(Furniture sold for cash)

d Cash A/c Dr 10,000

To Kumararaja A/c 10,000

(Goods sold to Kumararaja for cash)

e Manimaran A/c Dr 1,000

To Purchases A/c 1,000

(Goods taken by the proprietor Mr. Manimaran for his personal use)

The accountant of a firm located the following errors after preparing the trial balance.Rectify them assuming that there is a suspense account.
(a) Machinery purchased for Rs.3,500 was debited to purchases account.
(b) Rs.1,800 paid to Raina as salary was debited to his personal account.
(c) Interest received Rs.200 was credited to commission account.
(d) Goods worth Rs.1,800 purchased from Amudhanila on credit was not recorded in the books of accounts.
(e) Used furniture sold for Rs.350 was credited to sales account.

The following errors were located at the time of preparing trial balance. Rectify them.
(a) A personal expense of the proprietor Rs 200 was debited to travelling expenses account.
(b) Goods of Rs.400 purchased from Ramesh on credit was wrongly credited to Ganesh’s account.
(c) An amount of Rs.500 paid as salaries to Mathi was debited to his personal account.
(d) An amount of Rs.2,700 paid for extension of the building was debited to repairs account.
(e) A credit sale of goods of Rs.700 on credit to Mekala was posted to Krishnan’s account.

Comment

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	Particulars	L.F.	Dr.	Cr.
a	Purchases A/c	Dr	5,000
	To Cash A/c			5,000
	(Furniture purchased for cash)
b	Nila A/c	Dr	8,000
	To Cash A/c			8,000
	(Salary paid to Nila)
c	Kuralamudhu A/c	Dr.	2,000
	To Cash A/c			2,000
	(Rent paid to Kuralamudhu)
d	Cash A/c	Dr	9,000
	To Sales A/c			9,000
	(Furniture sold for cash)
e	Cash A/c	Dr	6,000
	To Kothaimalar A/c			6,000
	(Goods sold to Kothaimalar for cash)

	Particulars		Dr. Rs	Cr. Rs
a	Kumanan A/c	Dr	10,000
	To Cash A/c			10,000
	(Salary paid to Kumanan)
b	Senguttuvan A/c	Dr	6,000
	To Cash A/c			6,000
	(Rent paid to Senguttuvan)
c	Cash A/c	Dr	2,000
	To Sales A/c			2,000
	(Furniture sold for cash)
d	Cash A/c	Dr	10,000
	To Kumararaja A/c			10,000
	(Goods sold to Kumararaja for cash)
e	Manimaran A/c	Dr	1,000
	To Purchases A/c			1,000
	(Goods taken by the proprietor Mr. Manimaran for his personal use)

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11th Accountancy Weekly Test - 2 ( Rectification of Errors )

MABS Institution

11th Accountancy Weekly Test - 2 ( Rectification of Errors )-Aug 2020

Part - A

Generic 2 - Answer All Question

Rectify the following errors after preparation of trial balance: (a) Salary paid to Ram Rs.1,000 was wrongly debited to his personal account. (b) A credit sale of goods to Balu for Rs.450 was debited to Balan.

What are compensating errors?

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

What is meant by error of complete omission?

Rectify the following errors discovered before the preparation of the trial balance: (a) Sales book was undercast by Rs.100 (b) Purchases returns book was overcast by Rs.200

Rectify the following errors before the preparation of trial balance: (a) Returns outward book was undercast by Rs.2,000 (b) Returns inward book total was taken as Rs.15,000 instead of Rs.14,000 (c) The total of the purchases account was carried forward Rs.100 less

What is meant by error of principle?

What do you mean by errors?

Rectify the following errors discovered after the preparation of the trial balance: (a) Rent paid was carried forward to the next page Rs.500 short. (b) Wages paid was carried forward Rs.250 excess.

What is error of commission?

Part - B

Generic 5 - Answer All Question

Comment

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Rectify the following errors after preparation of trial balance:
(a) Salary paid to Ram Rs.1,000 was wrongly debited to his personal account.
(b) A credit sale of goods to Balu for Rs.450 was debited to Balan.

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

Rectify the following errors discovered before the preparation of the trial balance:
(a) Sales book was undercast by Rs.100
(b) Purchases returns book was overcast by Rs.200

Rectify the following errors before the preparation of trial balance:
(a) Returns outward book was undercast by Rs.2,000
(b) Returns inward book total was taken as Rs.15,000 instead of Rs.14,000
(c) The total of the purchases account was carried forward Rs.100 less

Rectify the following errors discovered after the preparation of the trial balance:
(a) Rent paid was carried forward to the next page Rs.500 short.
(b) Wages paid was carried forward Rs.250 excess.