Problems Rectification of Errors Unsolved 1 5
Problems Rectification of Errors Unsolved 1 5
Accounting
Problem # 10.1: The following Trial Balance has been drafted by a book keeper for the preparation of final accounts of a
Noman Ltd as on December, 2016. Re-draft the correctly
S No. Heads of Account Ref Dr (Rs) Cr (Rs)
st
1 Stock on 31 December, 2016 1,92,100
2 Capital A/c 13,450
3 Cash in hand 1,400
4 Bank overdraft 9,320
5 Sales 2,36,400
6 Purchases 1,06,400
7 Returns inward 13,400
8 Returns outward 2,960
9 Carriage outward 2,360
10 Carriage inward 14,260
11 Salaries 9,600
12 Wages 3,660
13 Sundry Debtors 16,300
14 Sundry creditors 37,360
15 Stock on 1st January 2016 94,120
16 Land & buildings 15,000
17 Plant & Machinery 20,900
18 Trade Expenses 2,090
Total Rs. 395,540 Rs. 395,540
Solution:
S No. Heads of Account Ref Dr (Rs) Cr (Rs)
1 Capital A/c
2 Cash in hand
3 Bank overdraft
4 Sales
5 Purchases
6 Returns inward
7 Returns outward
8 Carriage outward
9 Carriage inward
10 Salaries
11 Wages
12 Sundry Debtors
13 Sundry creditors
14 Stock on 1st January 2016
15 Land & buildings
16 Plant & Machinery
17 Trade Expenses
Problem # 10.2: Make corrected Trial Balance after anticipating hidden errors for Star Ltd. Financial year for this
company is July 1st, 2015 to June 30th, 20116
Abid Siddique
Trial Balance
As on 30th June, 2016
Amount (Rs.)
Following accounts are used for correction and adjusting the transactions.
Sales; Unearned Sales, Motor Van; Sundry Debtors; Motor Van Expense; Machinery; Trade Mark
Abid Siddique
Trial Balance
Amount (Rs.)
Total
Problem # 10.3: Rectify the following errors which are located in the books of Mr. Ahmed at end March, 2017
ii Purchases 30,000
A/P_ Anees 30,000
iv Wages 100,000
Cash 100,000
v ----
Wages 10,000
vi Cash 10,000
----
vii
Problem # 10.5: Pass Rectification entries for the following transactions at end January, 2017
1. Purchase of furniture for Rs. 615 passed through Purchase Book
2. The motor car had been purchased for Rs. 3.400. Cash had been correctly credited but Motor Car account had
been debited with Rs. 3,140 only
3. Interest on deposits received Rs. 60 had been debited in cash account, but had been not credited to the interest
account
4. The balance in the Account Receivable_ Ali Rs. 100 had been written off as bad but no other account had been
debited
5. Rs. 7,700 paid for wages to workman for making showcases had been charged to wages account
6. Bill Payable Book overcast by Rs. 500
7. Goods purchased for proprietor’s use for Rs. 1,000 was debited to purchase account
General Journal
Amount (Rs)
Date Account Title and Explanations Ref Debit Credit
2017
Jan 1