Question

Cheque received from mahesh Rs. 10,000 and the same is immediately deposited in bank of india

Answer 1

Answer:

Bank A/c Dr. 10000

To Mahesh A/c. 10000

Explanation:

when cheque is received and immediatly

deposited in bank then bank account is debited in our books

if the same is deposited same in bank after some days then two entries will be passed

cash account. Dr. 10000

To Mahesh ac. 10000

when same cheque is deposited in bank the entry will be

bank A/c Dr. 10000

To cash A/c. 10000