Rectify the following errors : (a) Depreciation provided on machinery 4,000 was not posted. (b) Bad
Question:
Rectify the following errors :
(a) Depreciation provided on machinery ₹ 4,000 was not posted.
(b) Bad debts written off ₹ 5,000 were not posted.
(c) Discount allowed to a debtor ₹ 100 on receiving cash from him was not posted.
(d) Discount allowed to a debtor ₹ 100 on receiving cash from him was not posted to discount account.
(e) Bill receivable for ₹ 2,000 received from a debtor was not posted.
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Step by Step Answer:
To rectify the errors you would need to make the appropriate journal entries to post the missing tra...View the full answer
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Related Book For 
Accountancy Financial Accounting Part 1 Textbook For Class 11
ISBN: 9788174505071
1st Edition
Authors: NCERT
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