Accountancy, asked by shraddhagbhandarkar, 7 months ago

recieved commission rupees 500 and intrest 1000​

Answers

Answered by chandrahasapoojary2
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 kaurlakhikaur
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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