recieved commission rupees 500 and intrest 1000
Answers
Answered by
0
Explanation:
Correct entry :-
Cash Account ......... Dr 15,000
To Interest A/c 15,000
Wrong entry:-
Cash A/c................. ..........Dr 15,000
To Commission A/c 15,000
Rectification entry:-
Commission A/c ..............Dr 15,000
To Interest A/c 15,000
As the commission account was wrongfully credited so its to be debited and Interest account has to be credited.
Answered by
0
Answer:
Explanation:
Cash a/c. Dr. 1500
To commission a/c. 500
To interest a/c. 1000
Hope it helps you.
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