Date of Test: 26.10.23 Total Marks: 25 marks Time Limit: 1 hr Confidence Holds Our Heads High
QUESTIONS
1. Give the Journal entries to rectify the following errors:
a. Wages paid on the installation of plant of Rs. 2,000 was debited to Wages Account. b. Goods returned to Sushma worth Rs. 2,000 was entered in the Sales Return Book. c. Goods given as charity worth Rs. 2,500 has not been entered in the books of accounts. d. A credit item of Rs. 873 has been debited to the Personal Account as Rs. 973. e. A sum of Rs. 1,200 as repairs not been posted to Repairs Account. f. Discount allowed to customer has been credited to him as Rs. 358 in place of Rs. 385. g. A sale of Rs. 1,485 was posted as Rs. 1,458 in the Sales Account. h. The total of Returns Inward Book has been added Rs. 75 short. i. Purchase Book was overcast by Rs. 2,000. j. Installation charges on new machinery purchased Rs. 1,000 was debited to Office Expenses Account. k. As amount of Rs 6,500 due from Shivam, which had been previously written off as Bad debt, was unexpectedly recovered, and has been posted to personal account of Shivam. l. A cheque of Rs 8,000 received from Gaurav was dishonoured and had been posted to the debit of Bad debt account. m. Goods returned by Mr. X worth Rs. 1,000 was entered in Purchase Return Book. n. Rs 4,000 spent on current repair of Machinery was capitalized. o. Goods taken by the proprietor for Rs. 10,000 have not be entered in the books at all. p. Sale of old machinery worth Rs 5,000 treated as sales of goods. q. Purchase book added Rs 1,200 excess. r. Purchased a computer for Rs 27,000 was passed through Invoice book. s. Rs 5,300 received from Paras was wrongly credited to Saras account as Rs 3,500. t. Sale of Rs 8,000 to Mishra was recorded in Purchase account while correctly debited to Mishra’s account. u. Rent of Proprietor’s residence, Rs 8,500 debited to Rent Account. v. Payment of Rs 4,000 to Pranav posted to the credit of his account as Rs 400. w. Goods worth Rs 2,000 returned to Verma posted to his credit. x. A return of Rs 1,500 by Mohan posted as Rs 150 in his account. y. An amount of Rs 2,700 paid to Suruchi credited to Ruchi.
ANSWERS Date Particulars LF Debit Credit
a Plant A/c …Dr 2,000
To Wages A/c 2,000
b Sushma A/c …Dr 4,000
To Purchase Return A/c 2,000 To Sales Return A/c 2,000
c Charity A/c …Dr 2,500
To Purchases A/c 2,500 d Suspense A/c …Dr 1,846 To Personal A/c 1,846
e Repairs A/c …Dr 1,200
To Purchases A/c 1,200
f Suspense A/c …Dr 27
To Creditor (Customer) A/c 27
g Suspense A/c …Dr 27
To Sales A/c 27
h Sales Return A/c …Dr 75
To Suspense A/c 75
i Suspense A/c …Dr 2,000
To Purchases A/c 2,000
j Machinery A/c …Dr 1,000
To Office Expenses A/c 1,000
k Shivam A/c …Dr 6,500
To Bad Debts Recovered A/c 6,500
l Gaurav A/c …Dr 8,000
To Bad Debts A/c 8,000
m Sales Return A/c …Dr 1,000
Purchase Return A/c …Dr 1,000 To X A/c 2,000
n Repairs A/c …Dr 4,000
To Machinery A/c 4,000
o Drawings A/c …Dr 10,000
To Purchases A/c 10,000
p Sales A/c …Dr 5,000
To Machinery A/c 5,000
q Suspense A/c …Dr 1,200
To Purchases A/c 1,200
r Computer A/c …Dr 27,000
To Purchases A/c 27,000
s Saras A/c …Dr 3,500
Suspense A/c …Dr 1,800 To Paras A/c 5,300
t Suspense A/c …Dr 16,000
To Purchases A/c 8,000 To Sales A/c 8,000 u Drawings A/c …Dr 8,500 To Purchases A/c 8,500