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Goods withdrawn by proprietor for personal use Rs 800 were posted as Rs 300.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.

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Solution

Journal

S. No.

Particulars

L.F.

Debit Amount Rs

Credit Amount Rs

(a)

Depreciation A/c

Dr.

3,600

To Machinery A/c

3,600

(Depreciation provided on machinery Rs 4,000 wrongly posted

as Rs 400, now rectified)

(b)

Debtors A/c

Dr.

1,000

To Bad debt A/c

1,000

(Bad debt written off Rs 5,000 wrongly posted as Rs 6,000,

now rectified)

(c)

Discount Allowed A/c

Dr.

40

To Debtors A/c

40

(Discount allowed to debtors Rs 100 wrongly posted as Rs 60,

now rectified)

(d)

Drawings A/c

Dr.

500

To Purchases A/c

500

(Drawings of goods Rs 800 wrongly posted as Rs 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

Rs 3,000)

Suggest Corrections

Similar questions

Rectify the following errors,

(a) Depreciation provided on machinery Rs. 4,000 was posted as Rs. 400.

(b) Bad debts are written off Rs. 5,000 were posted as Rs. 6,000.

(d) Goods are withdrawn by the proprietor for personal use Rs. 800 were posted as Rs. 300.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.

Rectify the following errors.

(a) Depreciation provided on machinery Rs. 4,000 was not posted.

(b) Bad debts are written off Rs. 5,000 were not posted.

(d) Discount allowed to a debtor Rs. 100 on receiving cash from him was not posted to discount account.

(e) Bill receivable for Rs. 2,000 received from a debtor was not posted.

Rectify the following errors assuming that suspense account was opened. Ascertain the difference in trial balance.

(i) Depreciation provided on machinery Rs. 4,000 was not posted to depreciation account.

(ii) Bad debts written-off Rs. 5,000 were not posted to debtor's account.

(iii) Discount allowed to a debtor Rs. 100 on receiving cash from him was not posted to discount allowed account.

(iv) Goods withdrawn by proprietor for personal use Rs. 800 were not posted to drawings account.

(v) Bills receivable for Rs. 2,000 received from a debtor was not posted to bills receivable account.

Give journal entries to rectify the following:

(i) A purchase of goods from Varun amounting to Rs. 300 has been wrongly entered through the sales book.

(ii) On 31st December, goods of the value of Rs. 600 were returned by X and were taken into stock on the same date but no entry was passed in the books.

(iii) An amount of Rs. 400 due from Y which had been written-off as a bad debt in a previous year, was unexpectedly recovered, and had been posted to the personal account of Y.

(iv) A cheque for Rs. 200 received from Z was dishonoured and had been posted to the debit of sales retuns account.

(v) Depreciation provided on machinery Rs. 4,000 was posted as Rs. 400.

(vi) Bad debts written-off Rs. 5,000 were posted as Rs. 6,000. (vii) Discount allowed to a debtor Rs. 100 on receiving cash from him was posted as Rs. 60.

(viii) Goods withdrawn by proprietor for personal use Rs. 3,000,not recorded.

(ix) Bills receivable for Rs. 2,000 received from a debtor was posted as Rs. 3,000.

Rectify the following errors.

(i) Cash received from Rajat Rs. 5,000 was posted to the debit of Kamal as Rs. 6,000.

(ii) Salary paid to an employee Rs. 2,000 was debited to his personal account as Rs. 1,200.

(iii) Goods withdrawn by proprietor for personal use Rs. 1,000 were credited to sales account as Rs. 1,600.

(iv) Depreciation provided on machinery Rs. 3,000 was posted to machinery account as Rs. 300.

(v) Sale of old car for Rs. 10,000 was credited to sales account as Rs. 6,000.

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(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.

Journal
S. No.	Particulars				L.F.	Debit Amount Rs	Credit Amount Rs
(a)	Depreciation A/c			Dr.		3,600
		To Machinery A/c					3,600
	(Depreciation provided on machinery Rs 4,000 wrongly posted as Rs 400, now rectified)

(b)	Debtors A/c		Dr.			1,000
		To Bad debt A/c					1,000
	(Bad debt written off Rs 5,000 wrongly posted as Rs 6,000, now rectified)

(c)	Discount Allowed A/c		Dr.			40
		To Debtors A/c					40
	(Discount allowed to debtors Rs 100 wrongly posted as Rs 60, now rectified)

(d)	Drawings A/c		Dr.			500
		To Purchases A/c					500
	(Drawings of goods Rs 800 wrongly posted as Rs 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 Rs 3,000)