1.

Ravi Shankar, a sole traderngifted a carto his son-in-law on the occasion ofnhis daughter’s marriage. The following entrynwas passed in this regard. Car A/c Dr. 5,00,000 To CashA/c 5,00,000 What is therectificationnentry?

A. Drawings A/c Dr. 5,00,000 To Cash A/c 5,00,000
B. DrawingsA/c Dr.5,00,000 To CarA/c 5,00,000
C. CarA/c Dr. 5,00,000 To Drawings A/c 5,00,000
D. Cash A/c Dr. 5,00,000 To CarA/c 5,00,000
Answer» C. CarA/c Dr. 5,00,000 To Drawings A/c 5,00,000


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