MCQOPTIONS
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| 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 | |