Repairs bill for the proprietor`s car Rs 410 has been paid by the firm & has been debited to the repairs account. Which of the following is correct with regards to its rectification?

Drawings account shall be debited & Repairs account shall be credited by Rs 410

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Drawings account shall be credited & Repairs account shall be debited by Rs 410

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Drawings account shall be debited & Proprietor`s account shall be credited by Rs 410

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Proprietor`s account shall be debited & Repairs account shall be credited by Rs 410

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Solution

The correct option is A
Drawings account shall be debited & Repairs account shall be credited by Rs 410

Drawings account shall be debited & Repairs account shall be credited by Rs 410.

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