Question

A Pen drive purchased for 600 for the son of a partner was debited to general expenses
account with 60.While rectifying drawings account should be debited with
a) 660 b) 540 c) * 600
d) 60​

Answer 1

Answer:

This is similar answer, not exact answer for this question

Explanation:

Correct entry :-

Drawings account Dr 15,000

To cash A/c 15,000

Wrong entry:-

Trade expenses A/c Dr 15,000

To Cash A/c 15,000

Rectification entry:-

Drawings A/c Dr 15,000

To Trade expenses A/c 15,000

As the trade expenses account was wrongfully debited its to be credited and drawing account has to be debited.