Cash paid to mani ₹5000 against our acceptance was debited to Manu. Pls tell me the rectification entry
Kesav, the solution to your query is provided below.
Bills Payable A/c Dr. | 5,000 | ||||
To Manu | 5,000 | ||||
(Cash paid against acceptance to Mani was debited to Manu, now rectified)) |