A cheque of ₹25,000 received for the loss of inventory by fire has been deposited in proprietor's Personal Bank A/c and not recorded in the books. The rectification entry will be________ (a) Bank A/c Dr. 25,000 To Insurance Company A/c 25,000 (b) Insurance Company A/c Dr. 25,000 To Drawings A/c 25,000 (c) Drawings A/c Dr. 25,000 To Insurance Company A/c 25,000 (d) Drawings A/C Dr. 25,000 To Bank A/c 25,000

CA CPT Dec 2018 Question Paper Fundamentals of Accounting for online practice

Question : 8 of 50

Marks: +1, -0

A cheque of ₹25,000 received for the loss of inventory by fire has been deposited in proprietor's Personal Bank A/c and not recorded in the books. The rectification entry will be________

(a)	Bank A/c	Dr.	25,000
	To Insurance Company A/c			25,000
(b)	Insurance Company A/c	Dr.	25,000
	To Drawings A/c			25,000
(c)	Drawings A/c	Dr.	25,000
	To Insurance Company A/c			25,000
(d)	Drawings A/C	Dr.	25,000
	To Bank A/c			25,000

Validate

Go to Question:

Prev Question

Next Question