The Total solution for NCERT class 6-12
Journal Recordings to rectify the errors
┬а
Date
Particulars
L.F
Debit Amount тВ╣
Credit Amount тВ╣
i.
Depreciation A/c Dr.
4,000
To Suspense A/c
(Depreciation provided on machinery, Error rectification recording, was not posted to discount account)
ii.
Suspense A/c Dr.
5,000
To Debtors A/c
(Bad debts written-off, Error rectification recording, were not posted to debtors account)
iii.
Discount Allowed A/c Dr.
100
(Discount allowed to a debtor after receiving cash, Error rectification recording, was not posted to discount allowed account)
iv.
Drawings A/c Dr.
800
(Goods withdrawn by proprietor for personal use, Error rectification recording, was not posted to drawings account)
v.
Bills Receivable A/c Dr.
2,000
(Bills receivable from a debtor, Error rectification recording, was not posted to Bills receivable account)
Suspense Account
Dr.
Cr.
J.F.
Amount тВ╣
By Depreciation A/c
To Balance b/d
1,900
By Discount Allowed A/c
By Drawings A/c
By Bills Receivable A/c
Total
6,900
Hence, difference intrial balance is тВ╣1,900 excess credit.