Exam based problems and questions are the BEST collection of problems for sure shot success in the examination. They are based on board exam.

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EXAM  BASED  PROBLEMS  AND  ANSWERS

 

Here, Amount = Rs = $ = £ = € = ₹ = Af = ৳ = Nu = Rf = රු = 

 

PROBLEM: 1

The following extracted information is given after preparing trial balance:

Goods purchased on credit from Trade Link for Rs 8,000 has been recorded as credit sales.

General expenses of Rs 10,000 has been debited to commission paid account.

Cash paid to Kumar Rs 750 has been debited to his account by Rs 540.

Required: Entry for rectification

[Answer: Credited Trade Link Rs 16,000; Debited general expenses Rs 10,000;

Credited suspense Rs 210]

PROBLEM: 2

The following errors were located before the preparation of trial balance.

a.	Wages paid were wrongly debited to furniture purchased	Rs 1,000
b.	Amount received from Krishna for settlement was debited to his account	Rs 5,000
c.	Commission allowed was credited to as commission earned	Rs 1,500

Required: Entries for rectification

[Answer: Debited wages Rs 1,000; Credited Krishna Rs 10,000; Credited cash Rs 3,000]

PROBLEM: 3

Following errors were located before preparation of trial balance.

a.     Goods purchased from Das Store for Rs 1,800 has been wrongly entered in the sales book.

b.    A sum of Rs 750 paid for wages has been wrongly debited to salaries account.

c.     Purchase of furniture for Rs 2,000 from Furniture Shop has been wrongly recorded in purchase account.

Required: Entries of rectification of errors

 [Answer: Credited Das Store Rs 3,600; Debited wages Rs 750;

Debited purchase Rs 2,000]

PROBLEM: 4

Give the rectifying entries for the following wrong entries:

a.     Plant and machinery purchased from ABC Trading was wrongly considered as cash purchased Rs 50,000.

b.    Salary paid to Karki was debited to his personal account Rs 1,500.

c.     Wages paid for the installation of plant was debited to wages account Rs 2,500.

 [Answer: (a) cash debited by Rs 50,000; (b) Salary debited by Rs 1,500;

(c) Plant debited by Rs 2,500]

PROBLEM: 5

The following errors were located before the preparation of trial balance:

Purchase of Rs 3,000 from Mr A was recorded as sales to him.

Salary paid Rs 2,500 to Prakash has been wrongly debited to his account.

A sale of goods worth Rs 675 to Rekha was posted as Rs 567 in account.

Required: Entry for rectification

 [Answer: Credited Mr A Rs 6,000; Debited salary Rs 2,500; Debited Rekha Rs 108]

PROBLEM: 6

The following errors were located before the preparation of trial balance:

Goods sold to Sohan for Rs 5,000 has wrongly been debited to Mohan’s account.

Amount of Rs 3,000 drawn by the proprietor for his personal use has been debited to general expenses account.

Cash paid to Ram Rs 3,000 has been debited to his account by Rs 300 only.

Required: Entry for rectification

 [Answer: Debited Sohan Rs 5,000; Debited drawings Rs 3,000; Debited Ram Rs 2,700]

PROBLEM: 7

The following errors were located before the preparation of trial balance:

Salary paid to Usha was debited to her personal account Rs 7,000.

Wages paid for the erecting of plant was debited to wage account Rs 2,000.

Depreciation of Rs 4,500 has been wrongly posted s Rs 5,400 in machinery account.

Required: Entry for rectification

 [Answer: Debited salary Rs 7,000; Debited plant Rs 2,000;

Debited machinery Rs 900]

PROBLEM: 8

The following errors were located before the preparation of trial balance:

Goods sold to Mr Sharma for Rs 10,000 has been written as Rs 1,000

A credit sale of Rs 3,000 to Mr Gurung has been wrongly entered through purchase account.

Carriage on machinery Rs 1,000 has been debited to carriage account

Required: Entry for rectification

 [Answer: Debited Sharma Rs 9,000; Debited Gurung Rs 6000;

Debited machinery Rs 1,000]

PROBLEM: 9

The trial of a trader could not agree, hence made agree with the help of suspense account, the following errors were detected afterwards:

An amount of Rs 550 received from Ram was posted to his account Rs 5,500

A cash sale of Rs 12,350 duly entered in the cash book but posted to sales account as Rs 2,350

Rs 3,000 worth of machinery purchased on credit was debited to purchase account.

Required: Entry for rectification

[Answer: Debited Rams Rs 4,950; Debited suspense Rs 10,000;

Debited machinery Rs 3,000]

 

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PROBLEM: 10

The following errors were detected after the preparation of Trial Balance:

Sale of old machine amounting Rs 60,000 has been credited to sales account.

Purchased goods from Govind for Rs 3,000 passed wrongly through the sales book.

Goods worth Rs 500 distributed as free samples were not recorded as all.

Required: Entry for rectification

 [Answer: Debited sales Rs 60,000; Credited Govinda Rs 6,000;

Debited advertisement Rs 500]

PROBLEM: 11

The following errors are located before preparing trial balance:

Goods sold to Sharma worth Rs 10,000 wrongly entered into Barma’s account Rs 1,000 only.

Wages paid Rs 1,000 for repair of building was charged to building account.

Goods purchase worth Rs 5,000 from Lama on credit was wrongly entered into sales account.

Required: Entries for rectification

 [Answer: Debited Sharma Rs 10,000; Debited repair Rs 1,000;

Credited Lama Rs 10,000]

PROBLEM: 12

The following errors are located before preparing trial balance:

Rent paid Rs 10,000 to house owner wrongly debited to his personal account.

Table purchased for office purpose has been passed through purchase account Rs 3,500.

Goods sold to Radhika Rs 15,000 on credit has been wrongly passed through purchase book.

Required: Entries for rectification

 [Answer: Debited rent Rs 10,000; Debited furniture Rs 3,500;

Debited Radhika Rs 30,000]

PROBLEM: 13

The following errors were identified before preparing trial balance:

An amount of Rs 3,000 received from Ram Krishna, was posted into Krishna Ram’s account.

An amount of Rs 5,000 paid for carriage on purchase of machinery was debited to wage account.

Goods returned (inward) of Rs 500 were wrongly recorded into purchase account.

Required: Entry for rectification

 [Answer: Debited Krishna Ram Rs 3,000; Debited machinery Rs 5,000;

Debited Sales return Rs 500]

PROBLEM: 14

The following errors are located before preparing of trial balance:

Goods sold to Bishnu worth Rs 10,000 wrongly entered in purchase book.

Salary paid to Prem Rs 5,000 has been wrongly debited to his account.

Goods sold to Rajesh worth Rs 6,700 was posted as Rs 670 in his account.

Cash received from Mr A Rs 2,000 was wrongly posted only Rs 200.

Rent received from Prakash Rs 10,000 has been wrongly credited to his account.

Cash paid for the erection of plant was debited to wages account Rs 5,000.

Required: Entry for rectification

[Answer: Debited Bishnu Rs 20,000; Debited salary Rs 5,000; Debited Rajesh Rs 6,030;

Credited A Rs 1,800; Debited Prakash Rs 10,000; Debited plant Rs 5,000]

PROBLEM: 15

Following errors were detected after preparation of trial balance:

Goods purchased from Gandaki Store worth Rs 20,000 recorded in sales book.

Commission paid to Santosh was credited as commission received Rs 5,000.

Goods sold to Hari worth Rs 560 was posted as Rs 650 in his account.

Purchase of computer print paper of Rs 3,000 has been recorded through the purchase account

A credit sale of Rs 13,000 to Ram omitted to record.

Credit purchased of goods valued Rs 1,000 were returned to creditors was recorded as sales return.

Required: Entries for rectification

[Answer: Credited GS Rs 40,000; Credited suspense Rs 10,000; Credited Hari Rs 90;

Debited Stationery Rs 3,000; Debited Ram Rs 13,000;

Credited creditors and debtor Rs 1,000 each]

PROBLEM: 16

Following errors were located after the preparation of trial balance:

House rent paid Rs 15,000 wrongly debited to commission paid account.

Goods sold to Anjana overvalued by Rs 3,550.

Wages paid for Ramu for installation of machine entered into wages account Rs 7,770.

Rs 9,780 paid to Shobha was debited to Shova account.

Goods distributed as free sample Rs 2,750 recorded as cash sales Rs 2,570.

Mobile bill paid of Rs 3,275 was debited to Nepal Telecom.

Required: Entries for rectification

[Answer: Debited rent Rs 15,000; Debited sales book Rs 3,550; Debited Mach. Rs 7,770;

Debited Shobha Rs 9,780; Debited free sample Rs 2,750 and Debited Sales Rs 2,570;

Debited telephone bill Rs 3,275]

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