What should be the rectifying entry for the 150000 spent on the family trip enjoyed by mr khanna and recorded them by debiting to office expenses account

What should be the rectifying entry for the 150000 spent on the family

1.	What should be the rectifying entry for the 150000 spent on the family trip enjoyed by mr khanna and recorded them by debiting to office expenses account
Answer» ry is given below. Hope it will help you.Explanation:The expenses incurred on the family trip of MR khanna was DEBITED to family expenses though this was his personal expenses and not OFFICE expense. The rectification ENTRY will be : Drawings A/c Dr. 150000 To Office expense A/c 150000Drawings should be debited and office expense should be CREDITED to rectify the entry.

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What should be the rectifying entry for the 150000 spent on the family trip enjoyed by mr khanna and recorded them by debiting to office expenses account​

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What should be the rectifying entry for the 150000 spent on the family trip enjoyed by mr khanna and recorded them by debiting to office expenses account