3. (v) ₹ 460 paid for building repairs was debited to the Building Account as ₹ 640. (i) The debit side of the trial balance was undercast by £692 (ii) A cheque payment of £905 had been credited in the cash book but no other entry in respect of it had been made What was the original balance on the suspense account? The Cash Account and the Bank Account will appear side-by-side in the Cash Book. 400. Anonymous understated credit sales u record it on the debit side of the control accnt and overstatement of cash receipts is also on the debit side since the account will increase: ... To correct an undercast, increase the account - i.e. A bank statement on 30 November 2020 revealed a balance of RM1,112.30. 1,000. On investigation you find that: 2,000. Cheque drawn by Z Suppliers Ltd 300 _____ 1 560 __ _____1 860_ Balance per cash book (62) O/D (b.f.) e.g.2. 450. (i) The total of the Purchase Day Book had been undercast by ` 100. 700 to A, Bose correctly entered in the Cash Book, was posted to the debit of A. Bose's Personal account in the ledger. 10. On 30th June, 2013, the cash book of Galaxy Ltd, showed a … b. The sale proceed was entered as cash sales. (d) Cash sales to Rana Rs 5,000 were not posted. A) added B) deducted C) added D) deducted. 2) The receipts side o f the cash book had been undercast by Sh.72,900. (iii) ` 76 paid for Repairs of Motor Van had been taken to Motor Van Account. On investigation you find that: The Questions and Answers of undercast and overcast treatment in bank reconciliation statement Related: Format of Bank Reconciliation Statement are solved by group of students and teacher of Commerce, which is also the largest student community of Commerce. (v) A sum of ₹ 800 deposited in the bank has been credited as ₹ 80 in the Pass Book. An amount of Rs.275 was posted as Rs.325 to the debit side of the Commission Account. From the following particulars of Raheem traders, prepare a bank reconciliation statement as of 31st March 2018. a) Overdraft as per cash book ₹ 2,500 b) Debit side of cash book was under cash by ₹ 700 10,000 resulting in short debit to sales returns account is a case of two errors compensating each other’s effect. c. Discount received for Rs.1,250 and discount allowed for Rs.850 in August 1997 were posted to wrong side of discount A/c. 75 drawn on his saving deposit account has been shown as. (d) Two cheques issued for ₹ 1,800 and ₹ 2,000 on 29 th March … 3000 received from Krishan which is correctly entered on the debit side of the Cash Book, but while posting it to Krishan’s Account, it is wrongly posted to the debit side instead of the credit side. 678. The debit side of the cash book (bank Column) has been undercast by RS 2,500; A cheque for Rs 1,000 paid to a creditor has been wrongly entered in cash column. (d) Two cheques issued for ₹ 1,800 and ₹ 2,000 on 29 th March … The agreement of the trial balance will not be affected. (a) Overdraft as per cash book ₹ 2,500 (b) Debit side of cash book was undercast by ₹ 700 (c) Amount received by bank through RTGS amounting to ₹ 2,00,000, omitted in the cash book. posted to the debit side of the Debtors Control Account. 3 A payment of rent, $750, had been correctly entered in the cash book, but recorded in the rent account as $570. Electricity bill paid by bank ₹6,200 was recorded twice in Pass Book. Solution: Debit side total of cash 10,000 was c/f to the credit side as 1,000. Sales day book total for October was undercast by Rs.1,000. In the debit side of the Cash Book, all cash receipts are recorded, while in the credit side all cash payments are recorded. Write any four items appeared on debit side of trial balance. All expenses and reduction in cash are added. 687 was posted to the debit of Janki Das as Rs. Detailed, Step-by-Step NCERT Solutions for 11 Accountancy Chapter 6 Trial Balance and Rectification of Errors Questions and Answers were solved by Expert Teachers as per NCERT (CBSE) Book guidelines covering each topic in chapter to ensure complete preparation.. Trial Balance and Rectification of Errors NCERT Solutions for Class 11 Accountancy Chapter 6 Bring down the updated bank balance on 1 January 2016. 1000. D The credit side of the cash account was undercast when the nominal ledger was balanced off. in Cash Book 00 (iv) Bank charge etc recorded twice in the Cash Book 00 *(v) Debit side of the Cash Book undercast Double *(vi) Cheque deposited but wrongly Amount recorded as issued or paid. The proceeds of sale were entered in the cash book but had been credited to the sales account in the general ledger. Interest debited in pass book but not entered in cash book Rs. The debit side of the ash ook was undercast by ₹400. One deposit of Rs 150 was recorded in the cash book as if there is no bank column therein. From the following particulars, prepare a bank reconciliation statement as on 31st January, 2015: On 31st January, the cash book of a firm showed a bank balance of Rs. 500. Rectify the following errors: ... Purchase book was undercast by Rs. Solution. Jan. 1) Balance as per Pass Book (Credit) is Rs. According to pass book: All income and increase in cash are deducted. Detailed examination of the two records revealed the following: (a) The debit side of the cash book had been undercast by £300. It would be great if you can help us with a numerical where you came across this transaction so as we can help you understand in an even better manner. 500. Interest on overdraft charged by the bank was 1,500. 18,000. e. 2. Pass Book Debit side of Cash Book overcast or excess amount debited wrongly by the trader here lii) Cheque recorded as deposited into Question 6. (vi) Payment side of the Cash Book has been undercast by ₹ 200. The Sales Day Book has been overcast by Rs. Solution: iii. 10,000 paid to a creditor has been wrongly entered in the Cash Column. Undercasting of debit balance means undercasting of receipts. Payment side of Cash Book was undercast by ₹100. Also, the "bank" figure of $7,400 in the debtors control account would come from the total of the "debtors" column in the cash receipts journal: Similarly, the "total purchases" figure of $3,900 in the creditors control account could be traced back to the purchases journal (which shows purchases on credit). Solution for Question five: Rectify the following errors: 1. (e) When a sales invoice for $95 was entered in the receivables ledger, the figures were transposed and shown as $59. 3,440Uncredited cheques - Rs. The payment side of the cash book had been undercast by ₹ 150. Less. - Rs. CORRECTION TO ASSIGNMENT GIVEN ON 9/07/2020 On investigation of the difference between the two sums, it was established that: (a) The cash book had been undercast by $90.00 on the debit side* (b) Solution: Question 41. A cheque of $150 paid to L Kuedza had been correctly entered in the Cash Book, but had not been entered in Kuedza’s account; The purchases account had been undercast by $20 When balance as per Cash book is given the following is the treatment. 300 received from Khan which is correctly entered on the debit side of the Cash Book, but while posting it to Khan s Account it is wrongly posted to the debit side of his account instead of the credit side. Debit $384,030 Credit $398,580 A suspense account is opened for the difference. However this has been included as a debit balance (c) Returns inwards of $35 have been recorded in the receivables ledger, but not in the receivables control account.

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