Question

Rs$2,750$ received from Sohan was credited to Mohan as Rs$2,750$. If rectification is done before preparation of trial balance then which of the following rectification entry will be correct?

• A. Sohan A/c Dr. $2,750$
  To Mohan A/c $2,750$
• B. Mohan A/c Dr. $2,750$
  To Sohan A/c $2,750$
• C. Suspense A/c Dr. $2,750$
  To Mohan A/c $2,750$
• D. Mohan A/c Dr. $2,750$
  To Suspense A/c $2,750$

Answer 1

Answer: (B)

Mohan A/c Dr. $2,750$

To Sohan A/c $2,750$
Original entry to be passed:

Cash A/c Dr. 2750

To Sohan A/c 2750

Wrong Entry Passed:

Cash A/c Dr. 2750

To Mohan A/c 2750

Rectification entry to be passed:

Mohan A/c Dr. 2750

To Sohan A/c 2750