Identification of Accounting Errors - 20 Cases

Transaction with errorType of error
 

1

Repairs on machinery ₹ 1,400 debited to Machinery account as ₹ 2,400.Principle,

Commission

   2Depreciation provided on machinery ₹ 4,000 was not posted.Omission of posting
   3Repairs on overhauling of secondhand machinery purchased ₹ 2,000 was debited to Repairs account as ₹ 200.Principle,

Commission

   4Goods withdrawn by proprietor for personal use ₹ 800 were not posted to Drawings account.Omission of posting
   5Machinery purchased on credit from Raman for ₹ 20,000 recorded through Purchases Book as ₹ 5,000.Principle,

commission

   6Bad debts written off ₹ 5,000 were not posted.Omission of posting
   7Sale of old machinery at book value ₹ 3,000 was credited to sales account as ₹ 5,000.Principle,

Commission

  8Furniture purchased for ₹ 10,000 wrongly debited to purchases account.Principle
  9Depreciation provided on machinery ₹ 4,000 was not posted to Depreciation account.Omission of Posting
  10Goods withdrawn for personal use by the proprietor ₹ 2,000 were not recorded in the books.Complete Omission
  11Furniture purchased from Sham ₹ 5,000 was recorded through purchases book as ₹ 50,000.Principle,

Commission

  12Old machines sold for ₹ 2,000 to Manish recorded through sales book as ₹ 1,800.Principle,

Commission

  13Old machines sold for ₹ 2,000 to Manish posted to the credit of Manish as ₹ 1,200.Commission
  14Depreciation provided on machinery ₹ 4,000 was posted as ₹ 400.Commission
  15Bill receivable for ₹ 2,000 received from a debtor was posted as ₹ 3,000.Commission
  16Discount allowed to a debtor ₹ 100 on receiving cash from him was posted as ₹ 50.Commission
  17Cash received from Ravish ₹ 8,000 posted to his account as ₹ 5,000.Commission
  18Goods withdrawn by proprietor for personal use ₹ 800 were posted as ₹ 300.Commission
  19Discount allowed to a debtor ₹ 100 on receiving cash from him was not posted to discount account.Omission
  20Credit purchases from Sham ₹ 5,000 were recorded in sales Book.Principle

This was the Identification of Accounting Errors - 20 Cases

 

Rectification of Single Sided Errors

Learning Games and Activities in Accountancy – Class 11