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? Options: A . &nbspDrawings account shall be debited & Repairs account shall be credited by Rs 410 B . &nbspDrawings account shall be credited & Repairs account shall be debited by Rs 410 C . &nbspDrawings account shall be debited & Proprietor`s account shall be credited by Rs 410 D . &nbspProprietor`s account shall be debited & Repairs account shall be credited by Rs 410

Repairs bill for the proprietor`s car Rs 410 has been paid by the firm & has

Question

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?

Options:

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

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

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

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

Answer: Option A
:
A
Drawings account shall be debited & Repairs account shall be credited by Rs 410.

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