For the year ended $31/12/2020,$ the financial statements of ABC Company were authorized for issue on $31/3/2021.$

On $10/2/2021,$ ABC discovered that a collection of $$2000$ from a client on the account was debited to Accounts Receivable at $$7000$ and credited to Cash at $$700$ on $5/5/2020.$

How should IAS $10$ account for this event?

Select one:

a$.$

Cash $700$

Accounts Receivable $7000$

b$.$ All answers are false

c$.$

Disclosure in the notes

d$.$

Accounts Receivable $7000$

Cash $700$

e$.$

NO Action

f$.$

Cash $2700$

Accounts Receivable $9000$

g$.$

Cash $2000$

Sales Revenue $2000$

h$.$

Cash $2000$

Accounts Receivable $2000$