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Question

The Company writes a cheque to pay for Rs 10,000 for electricity bill. Which of the following is correct in this regards?



A

Bank account shall be credited

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B

Electricity expense account shall be debited

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C

Both A & B

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D

None of the above

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Solution

The correct option is C

Both A & B


The correct entry shall be:
Electricity Expense A/c Dr   Rs 10,000
      To Bank A/c                           Rs 10,000


Accountancy

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