Question

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(d) Goods withdrawn by proprietor for personal use ₹ 800 were posted as ₹ 300.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

Answer 1

Journal
S.No.	Particulars	L.F.	Debit Amount ₹	Credit Amount ₹
(a)	Depreciation A/c Dr.		3,600
	To Machinery A/c			3,600
	(Depreciation provided on machinery ₹ 4,000 wrongly posted as ₹ 400, now rectified)
(b)	Debtors A/c Dr.		1,000
	To Bad debt A/c			1,000
	(Bad debt written off ₹ 5,000 wrongly posted as ₹ 6,000, now rectified)
(c)	Discount Allowed A/c Dr.		40
	To Debtors A/c			40
	(Discount allowed to debtors ₹ 100 wrongly posted as ₹ 60, now rectified)
(d)	Drawings A/c Dr.		500
	To Purchases A/c			500
	(Drawings of goods ₹ 800 wrongly posted as ₹ 300. now rectified)
(e)	Debtors A/c Dr.		1,000
	To Bills Receivable A/c			1,000
	(Bills receivable for ₹ 2,000 received from debtors wrongly posted as ₹ 3,000)