a draft received from d.d motors rs 1300 jounal entey
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Journal entry
Particulars Dr.(Amount) Cr.(Amount)
Bank A/C Dr. 1300
To Debtor(Party) A/C 1300
journal entry related there are some rules
Increase in Asset Debit
Decrease in Asset Credit
Transaction: received 1300 by bank draft
Aspect 1. Bank Amount is Increase so Bank will be Debited.
Aspect 2. we get draft by debtor and debtor is asset ,for giving draft debtor will decrease and rule is credit
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