Factory electricity bill ₹7,000/- paid but not recorded twice in the books ...
how will be the right entry ,wrong entry and rectified entry ....
please explain...
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please explain it I can't understand it
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Step-by-step explanation:
Wrong Entry : Factory ele bill A/c. Dr. 7000
Factory ele bill A/c. Cr. 7000
Right Entry : Factory ele bill A/c. Dr. 7000
To cash A/c. Cr. 7000
Rectified Entry : Factory ele bill A/c. Dr. 7000
Factory ele bill A/c. Dr. 7000
To cash A/c. Cr. 14000
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