Question

An amount of 375 now posted on the debit side of the Commission Account instead
of 275.
solve this problem the help of correct, incorrect and rectified​

Answer 1

Answer:

Commission. a/c. dr 275 is correct

but Commission a/c. dr 375 is incorrect

when an account is excess debited then to rectify it we credited the account .

Commission account is excess debited with 100

rectify entry

Suspense account dr 100

To commission account. 100