medium10 pts · first answer countserrorsrectification

Repairs posted to an asset account

Repairs of ₹15,000 to a machine were wrongly debited to the Machinery account. What is the rectifying entry?

A.Debit Machinery, credit Repairs ₹15,000B.Debit Suspense, credit Machinery ₹15,000C.Debit Repairs, credit Machinery ₹15,000D.No entry, because the trial balance still agrees

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Repairs posted to an asset account

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