Read below DK Goel Solutions Class 11 Chapter 19 Rectification of Errors. These answers have been developed based on the latest Class 11 DK Goel Accountancy book used by commerce stream students issued for current year and the questions given in each chapter.

This chapter teaches the students the art of coping up with mistakes. It teaches them to handle and rectify data under certain guidelines, its not always that the accounting can be always done perfectly.

There are accounting entry mistakes which sometimes happen, here you will be able to understand what type of entries have to be passed so that the mistakes can be rectified and correct accounting position of a company can be properly displayed.

The chapter also contains lot of questions which can be very helpful for Class 11 commerce students of Accountancy and will also help build a strong concepts which will be really helpful in your career.

DK Goel Solutions Class 11 Chapter 19 solutions are free and will help you to prepare for Class 11 Accountancy. Just scroll down and read through the answers provided below

Rectification of Errors DK Goel Class 11 Accountancy Solutions

Students can refer below for solutions for all questions given in your DK Goel Accountancy Textbook for Class 11 in Chapter 19

Numerical Questions for DK Goel Solutions Class 11 Chapter 19

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Point in Mind:- DK Goel Solutions Class 11 Chapter 19
Errors may or may not affect the Trial Balance but it must be detected and rectified. The process of detecting errors and the procedure to correct the accounting records is called the rectification of errors.

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(i) Purchases Book has been over-casted by Rs 1,000. Purchases Account will be rectified by recording Rs 1,000 on the credit side of Purchases Account

(ii) Purchases from Ram Rs 20,000 has been omitted to be posted to his account. To rectify this error Rs 20,000 should be posted on the credit side of Ram’s Account.

(iii) Purchase from Shyam Rs. 15,000 has been posted to the debit side of his account. To rectification will be done by posting the double amount Rs 30,000 on the credit side of Shyam’s Account

(iv) Purchases made from Ghanshayam Rs 10,000 have been posted to his account as Rs 1,000. Rs 9,000 more will be credited to his account for rectification of this error.

(v) Purchases made from Sitaram Rs 5,000 have been posted to his account as Rs 50,000. To rectify this error Rs 45,000 is debited to Sitaram’s Account.

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(i) Sales book has been undercasted by Rs 5,000. In this case it has been undercasted accordingly it would be rectified by crediting Sales Account with Rs 5,000.

(ii) Credit sale to Sita Rs 6,300 has been posted to her account as Rs 3,600. Rs 2,700 more will be debited to her account for rectification of this error.

(iii) Credit sale to Radha Rs 2,400 has been posted to her account as Rs 4,200. In this case, Radha’s Account was debited with an excess amount of Rs 1,800 and accordingly Rs 1,800 should be credited to her account.

(iv) A credit sale to Parbati Rs 3,000 has been posted to the credit side of her account. Rs 6,000 must be debited to her account.

(v) A credit sale to Laxmi Rs 5,600 has been posted to the credit side of her account as Rs 6,500. Rs 12,100 (5,600 + 6,500) must be debited to her account.

Question 15 (A): Rectify the following errors assuming:-
That no suspense account has been opened with difference in the trial balance.

Solution 15(A):
(i) Purchases of Rs 800 from Sachin have been omitted to be posted to his account. It would be rectified by crediting Sachin’s account with Rs 800.

(ii) Purchases of Rs 800 from Sachin have been posted to his account as Rs 80. Rs 720 more will be credited to his account for rectification of this error.

(iii) Purchases of Rs 800 from Sachin have been posted to his account as Rs 880. Rs 80 will be debited to his account for rectification of this error.

(iv) Purchase of Rs 800 from Sachin have been posted to the debit side of his account. Sachin’s account has been wrongly debited with Rs 800 instead of crediting his account. Hence rectification would be made by double the amount of entry.

(v) Purchase of Rs 800 from Sachin have been posted to the debit side of his account as Rs 80. Sachin’s account has been wrongly debited with Rs 80 instead of crediting his account as Rs 800. Hence rectification would be made by adding these two amounts and Rs 880 will be credited to his account.

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Point of Knowledge:- DK Goel Solutions Class 11 Chapter 19
Errors may or may not affect the Trial Balance but it must be detected and rectified. The process of detecting errors and the procedure to correct the accounting records is called the rectification of errors.

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Suspense Account

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1. Goods amounting to Rs. 620 sold to D & Co. were correctly entered in the Sales book, but posted to the Company’s A/c as Rs. 260.
2. A credit balance of Rs. 755 of Rent Received account was shown as Rs. 570.
3. The total of Returns Outwards Book amounting to Rs. 200 was not posted to the Ledger.
4. Goods worth Rs. 100 were purchased from Prakash but the amount was entered in the Sales Book. The account of Prakash was correctly credited.
5. Sales Book was undercast by Rs. 100.
6. The total of the credit side of Sohan’s account was overcast by Rs. 100.
   Give journal entries to rectify these errors and prepare the Suspense Account.

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Point of Knowledge:-
Suspense Account is the account to which the difference in the Trial Balance is placed and it is opened when the Trial Balance doesn’t match. The Suspense Account is placed in the debit side if the total debit amount is less than the total credit amount and vice versa.

The Suspense Account is transferred to the asset side of the Balance sheet in case of a debit balance of a Suspense Account, otherwise transferred to the liabilities side of the in case of a credit balance. Suspense Account is used to rectify all one sided errors which affect the Trial Balance. Suspense Account is the net effect of one sided errors. Errors are rectified by entering the amount to the debit of the correct account and then credit is placed in the Suspense Account.

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Point of Knowledge:-
Errors may or may not affect the Trial Balance but it must be detected and rectified. The process of detecting errors and the procedure to correct the accounting records is called the rectification of errors.

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Point of Knowledge:-

1. Errors of Omission
2. Errors of Commission
3. Errors of Principle
4. Compensating Errors of omission and compensating errors do not affect the agreement of a Trial Balance.