The business purchased a New Car for office use for OMR 7800. This transaction was entered on debit side of Car Account as OMR 8700 but cash account was written correctly. Which of the following rectification entry will be Correct? a. Debit New Car OMR 8700 Credit Cash OMR 8700 b. Debit Cash OMR 900 Credit Car OMR 900 c. Credit Car account with OMR 900 d. Debit Car account with OMR 900

The business purchased a New Car for office use for OMR 7800. This transaction was entered on debit side of Car Account as OMR 8700 but cash account was written correctly. Which of the following rectification entry will be Correct? a. Debit New Car OMR 8700 Credit Cash OMR 8700 b. Debit Cash OMR 900 Credit Car OMR 900 c. Credit Car account with OMR 900 d. Debit Car account with OMR 900

Name: 10-The business purchased a New Car for office use for OMR 7800. This
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Description: 10-The business purchased a New Car for office use for OMR 7800. This transaction was entered on debit side of Car Account as OMR 8700 but cash account was written correctly. Which of the following rectification entry will be Correct?a.Debit New Car

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter3: The Double-entry Framework

Section: Chapter Questions

Problem 5SEA: TRANSACTION ANALYSIS Linda Kipp started a business on May 1, 20--. Analyze the following...

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2-The business purchased a New Car for office use for OMR 7800. This transaction was entered on debit side of Car Account as OMR 8700 but cash account was written correctly. Which of the following rectification entry will be Correct? a. Debit Cash OMR 900 Credit Car OMR 900 b. Debit Car account with OMR 900 c. Debit New Car OMR 8700 Credit Cash OMR 8700 d. Credit Car account with OMR 900
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