Question

Salary of Rs 20000 paid to join as been debited to personal account

Answer 1

Correct Entry:

Salary A/C  Dr Rs.20,000

     To Cash A/C or Bank A/C  Rs.20,000

(being salary paid)

Wrong Entry:

John A/C  Dr   Rs.20,000

    To Cash A/C or Bank A/C Rs.20,000

Rectification Entry:

Salary A/C  Dr  Rs.20,000

    To John A/C  Rs 20,000

(being wrong entry passed now rectified)