Which one of the following journal entries is correct according to its narrative?
Debit Credit
$ $
A Mr Smith personal account 100,000
Directors’ remuneration 100,000
Bonus allocated to account of
managing director (Mr Smith)
B  urchases 14,000
Wages 24,000
Repairs to buildings 38,000
Transferring cost of repairs to buildings
carried out by company’s own
employees, using materials
from inventory.
C Discounts allowed 2,800
Discounts received 2,800
Correction of error: discounts
allowed total incorrectly
debited to discounts received
account
D Suspense account 20,000
Rent receivable 10,000
Rent payable 10,000
Correction of error: rent received
credited in error to rent
payable account. C | 
发表于 2008-4-28 16:11
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