Rectify the following errors
Payment of wages to ram lal was debited to his personal account with Rs. 3000/-
Answers
Answered by
1
Answer:
The answer for this particular question would be:
Wages A/c Dr - 3000
To Mr. Ram Lal - 3000
(Wages paid to Mr. Ram Lal was debited wrongly to Mr. Ram Lal’s Account)
Explanation:
This is one of the most easiest rectification entries. Here the payment of wages to Mr. Ram Lal is wrongly debited in to Ram Lal's Account, Therefore to revert the entry we just have to debit 3000 rupees from the wages account and credit it to Ram Lal's account therefore the entry is reversed.
Answered by
1
Wages A/c Dr 3,000
To Ram lal's A/c 3,000
Explanation:
Wrong entry:
Date Particular Amount Amount
Ram lal's A/c Dr 3,000
To wages A/c 3,000
Right entry:
Date Particular Amount Amount
Wages A/c Dr 3,000
To Ram lal's A/c 3,000
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