Question

Salary paid to manager, Kumar 3,000 was debited to his a/c as 300
Rectification of errors
What will be the correct entry?

Answer 1

Correct Entry :

Salaries A/C   Dr  Rs.3000

       To Cash A/C (or) Bank A/C   Rs.3000

(Being Salary paid to Kumar)

Wrong Entry :

Kumar A/C   Dr   Rs.300

   To Cash A/C (or) Bank A/C    Rs.3000

Rectification Entry :

Salaries A/C   Dr   Rs.3000

   To Suspense A/C     Rs.2700

   To Kumar A/C            Rs.300

(Being Salary paid to Kumar wrongly debited to his personal account now rectified)

Answer 2

___________HEY MATE________

RECTIFY ENTRY -----------------

SALARIES A/C __________DR_3000

_______TO SUSPENSE A/C__2700

_______TO KUMAR _______300