Question

Cheque paid into bank for collection

Answer 1

Bank A/C. Dr. Rs.xxx

To Cash A/C. Rs.xxx

(Being cash paid into bank)

Explanation:

According to the real account principle,

Debit what comes into the business

Credit what goes out of the business.

Here, Cash and Bank are real A/Cs

Hence, here bank balance is increasing , so debited.

Cash is decreasing , so credited.

Answer 2

Hey mate ✌️✌️

Journal Entry ⏬⏬⏬



Bank A/c.............................Dr
.........To cash A/c


✨ Hope this helps you ✨