Ms. Salma is an Accountant. the business incurred electricity expense of RO 512 was entered by her as RO 152 in cash account. but the entry was written in electricity account correctly. Which of the following rectification entry is Correct? a. Give Credit Cash account with RO 360 b. Give Debit Cash Account with RO 720 c. give Debit RO 360 in both the accounts d. Give Debit Cash account with RO 360

Ms. Salma is an Accountant. the business incurred electricity expense of RO 512 was entered by her as RO 152 in cash account. but the entry was written in electricity account correctly. Which of the following rectification entry is Correct? a. Give Credit Cash account with RO 360 b. Give Debit Cash Account with RO 720 c. give Debit RO 360 in both the accounts d. Give Debit Cash account with RO 360

Name: Ms. Salma is an Accountant. the business incurred electricity expense
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Description: Ms. Salma is an Accountant. the business incurred electricity expense of RO 512 was entered by her as RO 152 in cash account. but the entry was written in electricity account correctly.Which of the following rectification entry is Correct? a.Give C

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 38MC: Which of these transactions requires a credit entry to Revenue? A. received cash from services...

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