Question

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.

Answer 1

$\begin{array}{ccccc}\text{Date}& \text{Particulars}& \text{LF}& \text{Amt(Dr)}& \text{Amt(Cr)}\\ \text{(i)}& \text{Depreciation A/c}\text{Dr}& & \text{4,000}& \\ & \text{To Machinery A/c}& & & \text{4,000}\\ & \text{(Depreciation charged on}& & & \\ & \underset{–}{\text{machinery not recorded now rectified)}}& & & \\ \text{(ii)}& \text{Bad Debts A/c}\text{Dr}& & \text{5,000}& \\ & \text{To Debtor's A/c}& & & \text{5,000}\\ & \text{(Bad debts written-off on}& & & \\ & \underset{–}{\text{debtors were not recorded, now rectified)}}& & & \\ \text{(iii)}& \text{Discount Allowed A/c}\text{Dr}& & \text{100}& \\ & \text{To Debtor's A/c}& & & \text{100}\\ & \text{(Discount allowed to debtor was}& & & \\ & \underset{–}{\text{not recorded, now rectified)}}& & & \\ \text{(iv)}& \text{Bills Receivable A/c}\text{Dr}& & \text{2,000}& \\ & \text{To Debtor's A/c}& & & \text{2,000}\\ & \text{(Bills receivable received from}& & & \\ & \text{debtors nor recorded, now rectified)}& & & \end{array}$