Question

Goyal bros. Gave cheque; deposited in the bank

Answer 1

Answer:

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① Cash Ac Dr...

Cash Ac Dr... To, Goyal bro's Ac Cr...

( Being cheque received )

② Bank Ac Dr...

Bank Ac Dr... To, Cash Ac Cr....

( Being cheque deposited into bank )

Explanation:

First journal entry only show's the transaction that CHEQUE RECEIVED BUT NOT DEPOSITED INTO BANK

Second journal entry is showing transactions that CHEQUE DEPOSITED INTO THE BANK

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©Sachin BhaleRao...