Question

Rectify the following errors:
(a) Depreciation provided on machinery ₹ 4,000 was not posted.
(b) Bad debts written off ₹ 5,000 were not posted.
(c) Discount allowed to a debtor ₹ 100 on receiving cash from him was not posted.
(d) Discount allowed to a debtor ₹ 100 on receiving cash from him was not posted to discount account.
(e) Bill receivable for ₹ 2,000 received from a debtor was not posted.

Answer 1

Journal Entries
S.No.	Particulars	L.F.	Debit Amount ₹	Credit Amount ₹
(a)	Depreciation A/c    ...Dr.		4,000
	To Machinery A/c			4,000
	(Depreciation on machinery was not posted, now rectified)
(b)	Bad debts A/c    ...Dr.		5,000
	To Debtors A/c			5,000
	(Bad debts written off were not posted, now rectified)
(c)	Discount Allowed A/c    ...Dr.		100
	To Debtors A/c			100
	(Discount allowed to debtors was not posted, now rectified)
(d)	Discount Allowed A/c    ...Dr.		100
	To Suspense A/c			100
	(Discount allowed to debtors was not posted in Discount Account, now rectified)
(e)	Bills Receivable A/c    ...Dr.		2,000
	To Debtors A/c			2,000
	(Bill receivable received from debtor was not posted, now rectified)