Question

What should be the rectifying entry for the 150000 spent on the family trip enjoyed by mr khanna and recorded them by debiting to office expenses account​

Answer 1

The entry is given below. Hope it will help you.

Explanation:

The expenses incurred on the family trip of Mr khanna was debited to family expenses though this was his personal expenses and not office expense.

The rectification entry will be :

             Drawings A/c Dr.    150000

                    To Office expense A/c 150000

Drawings should be debited and office expense should be credited to rectify the entry.