Question

depreciation under straight line method.
A Head Phone purchased for Rs 800 for the son of partner was debited to General Exp. A/c with
Rs 80. In the rectifying entry, which amount should be debited to drawing A/c.? ​

Answer 1

In drawings account 800 will be debited and general expense a/c will be credited with 80 and suspense a/c will also be credited with 720