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Question -

Rectify the following errors:
(a) Depreciation provided on machinery Rs 4,000 was posted as Rs 400.
(b) Bad debts written off Rs 5,000 were posted as Rs 6,000.
(c) Discount allowed to a debtor Rs 100 on receiving cash from him was posted as Rs 60.
(d) Goods withdrawn by proprietor for personal use Rs 800 were posted as Rs 300.
(e) Bill receivable for Rs 2,000 received from a debtor was posted as Rs 3,000.



Answer -

Journal Recordings to rectify the errors

 

Date

Particulars

L.F

Debit
Amount
₹

Credit
Amount
₹

i.

Depreciation A/c Dr.

3,600

To Machinery A/c

(Depreciation provided on machinery, Error rectification recording, was wrongly posted as ₹ 400 instead of ₹ 4,000)

3,600

ii.

Debtors A/c Dr.

1,000

To Bad Debts A/c

(Bad debts written off, Error rectification recording, was posted as ₹ 6,000 instead of ₹ 5,000)

1,000

iii.

Discount Allowed A/c Dr.

40

To Debtors A/c

(Discount allowed to debtors, Error rectification recording, was wrongly posted as ₹ 60 instead of ₹ 100)

40

iv.

Drawings A/c Dr.

500

To Purchases A/c

(Goods withdrawn by proprietor for personal use, Error rectification recording, was wrongly posted as ₹ 300 instead of ₹ 800)

500

v.

Debtor A/c Dr.

1,000

To Purchases A/c

(Bills receivable from debtors, Error rectification recording, was wrongly posted as ₹ 3,000 instead of ₹ 2,000)

1,000

 

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