Rent paid to landlord amounting to Rs. 500 was credited to Rent A/c with Rs. 5,000. In the rectifying entry Rent A/c will be debited with:

Rs. 5000

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Rs. 500

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Rs. 5,500

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Rs. 4,500

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Solution

The correct option is C Rs. 5,500
Rent paid Rs.500 need to be debited to Rent A/ c but instead Rent a/c is credited with Rs.5000.

Hence Rent a/c will be debited by Rs.5500 i.e. Rs.500 for actual rent & Rs.5000 to nullify the wrong posting.

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Rent paid to landlord amounting to Rs. 500 was credited to Rent A/c with Rs. 5,000. In the rectifying entry Rent A/c will be debited with:

The correct option is C Rs. 5,500Rent paid Rs.500 need to be debited to Rent A/ c but instead Rent a/c is credited with Rs.5000.Hence Rent a/c will be debited by Rs.5500 i.e. Rs.500 for actual rent & Rs.5000 to nullify the wrong posting.

The correct option is C Rs. 5,500
Rent paid Rs.500 need to be debited to Rent A/ c but instead Rent a/c is credited with Rs.5000.

Hence Rent a/c will be debited by Rs.5500 i.e. Rs.500 for actual rent & Rs.5000 to nullify the wrong posting.