Income tax liability of the proprietor, amounting to Rs. 1200 was paid out of Petty Cash A/c. Rectif….

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Income tax liability of the proprietor, amounting to Rs. 1200 was paid out of Petty Cash A/c. Rectified journal entry will be

Options :-

1. Dr. Drawings and Cr. Cash A/c Rs. 1200
2. Dr. Drawings and Cr. Petty Cash A/c Rs. 1200
3. Dr. Income tax and Cr. Cash A/c Rs. 1200
4. None of the above

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