In which book of original entry will:

(i) The partial recovery from Mr. Ajay of an amount of Rs. 4,000 earlier written off as bad debts be recorded?

(ii) In which book of original entry, a discount of Rs. 50 offered for an early payment of cash of Rs. 1,050 be recorded?

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Solution

(i) Cash book (ii) Journal proper

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Similar questions

2, 000

50

1, 050

Rectify the following errors

(i) Depreciation provided on machinery Rs. 4,000 was not recorded.

(ii) Bad debts written-off Rs. 5,000 were not recorded.

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

(iv) Bills receivable for Rs. 2,000 received from a debtor was not recorded.

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