Question

35,000 paid as rent for the residential house of proprietor were debited to rent
account as 500. In the rectifying entry, Drawing A/c should be debited with:
А/С
(D) Purchases A/C
(A) 5,000
(B)
​

Answer 1

Answer:

Drawing a/c Dr. 35000

To rent a/c. 500

To cash a/c. 34500