Multiple choice

A sum of Rs. 2,000, received from S & Co., has beed entered as received from R & Co. What rectifying entry is to be passed?

  1. Dr. cash A/c and Cr. S & Co.

  2. Dr. cash A/c and Cr. R & Co.

  3. Dr. R. & Co. and Cr. S. & Co.

  4. No rectifying entry needs to be passed.

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

This is the rectifying entry after the correction of wrong credit to R. & Co. for the amount received from S. & Co.