Question

A cheque of Rs 9700 drawn by m/s bantu bros.has been dishonoured. But wrongly debited to m/s bhakt and co. Write journal entry and rectify it.
Also write right journal entry,wrong journal entry ,then rectify it to make it clear and well defined. Those people which give me the right answer of this question I will mark as a brainliest answer.

Answer 1

Answer:

Wrong entry:- M/s bhakt and co. a/c. dr 9700

to cash a/c. 9700

Correct entry:- M/s bantu Bros. a/c. dr 9700

to cash a/c. 9700

Rectify entry:- M/s bantu Bros a/c. dr 9700

to M/s bhakt and co. 9700

Hope it helps you