Question

Deposited to cheque of mohan into the bank

Answer 1

The current transaction affects two accounts...cash a/c . because We are paying cash ,Bank a/c(savings account )... because We are depositing cash into bank..

The golden rules of accounting are...

Personal Account - Debit the receiver credit the giver

Nominal Account - Debit All expenses and losses, credit All incomes and gains

Real Account - Debit what comes in ,credit what goes out

Bank account ,cash accounts are Real accounts( Bank balance/cash balance is an asset; all assets and Liabilities come under Real account)

in contention with the above rules....

Bank a/c (savings account) should be debited..coz cash is comingin..

cash a/c should be credited..coz ,cash is going out

So the Journal Entry will be...

Bank a/c (savings a/c) Dr ××××

To cash a/c ××××

(being Cheque deposited into bank )

Answer 2

Answer:

Bank a/c.....Dr

To cash a/c