11. Rectify the following errors before preparation of trial balance: Purchase book was undercast by 2000. a. . b. Rent paid * 350 was debited to that account as * 530. C. Discount received from Rama & Co. *250 was not posted to their acco d. Interest paid * 89 was wrongly credited to that account as 98. Sales book was overcast by 1700. e. f Purchase returns book undercast by275.
Answers
Answer:
Please find the rectification entries below in explanation
Explanation:
A) Purchase book was undercast by Rs.2000.
Answer: Purchase account ------------------Dr 2000
To Cash/ Bank/ Supplier A/c 2000
( Being purchases account undercast by Rs.2000/- now posted)
B) Rent paid Rs.350 was debited to that account as Rs.530
Answer: Sundry Creditor/ Landlord A/c--------------Dr. 180
To Rent A/c 180
(Being excess debit now rectified)
C) Discount received from Rama & Co. Rs.250 was not posted to their account
Answer: Rama & Co A/c--------------Dr. 250
To Discount received A/c 250
(Being Discount received not accounted now rectified)
D) Interest paid Rs.89 was wrongly credited to that account as Rs.98.
Answer: 1) Sundry Creditor/ Banker A/c--------------Dr. 98
To Interest A/c 98
(Being interest paid wrongly credited now rectified)
2) Interest A/c --------------Dr. 89
To Sundry Creditor/ Banker 89
(Being interest paid now posted correctly)
E) Sales book was overcast by Rs.1700.
Answer: Sales A/c--------------Dr. 1700
To Debtors/ Customer A/c 1700
(Being Sales book was overcast now rectified)
F) Purchase returns book undercast by Rs.275.
Answer: Sundry Creditor/ Supplier A/c--------------Dr. 275
To Purchase returns A/c 275
(Being Purchase returns book undercast now rectified)