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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(d) Goods withdrawn by proprietor for personal use ₹ 800 were posted as ₹ 300.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.
Solution
| 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) | ||||
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- Goods returned from Mahesh ₹ 1,000 were recorded as ₹ 100.
Rectify the following errors:
- Sales book overcast by ₹ 700.
- Purchases book overcast by ₹ 500.
- Sales return book overcast by ₹ 300.
- Purchase return book overcast by ₹ 200.
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- Credit purchases from Rohan ₹ 9,000 were recorded as ₹ 900.
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- Goods returned from Mahesh ₹ 1,000 were recorded as ₹ 100.
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- Sales book overcast by ₹ 700.
- Purchases book overcast by ₹ 500.
- Sales return book overcast by ₹ 300.
- Purchase return book overcast by ₹ 200.
Rectify the following errors:
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- Credit purchases from Rohan ₹9,000 were recorded as ₹900.
- Goods returned to Rakesh ₹4,000 were recorded as ₹400.
- Goods returned from Mahesh ₹1,000 were recorded as ₹100.
Rectify the following errors:
- Sales book overcast by ₹ 700.
- Purchases book overcast by ₹ 500.
- Sales return book overcast by ₹ 300.
- Purchase returns book overcast by ₹ 200.
