Question

Issue cheque for 950 in favour of bir & co In full settlement of his acc

Answer 1

Explanation:

Bir & Co's A/c Dr. ₹950

To Bank A/c ₹950

(Being the Cheque issue to Bir & Co)

Answer 2

Answer:

Bir &Co a/c - Debit - Rs. 950

To Bank a/c - Credit - Rs. 950

{ Being the cheque issue to Bir & Co. }

Explanation:

★Bir & Co. account is a personal account and the rules of personal account is :

Debit the Receiver

Credit the Giver

So this account will debit the recevier which means the Bir & Co. will receive the money.

★Bank account is also a personal account and the rules of personal account is :

Debit the Receiver

Credit the Giver

So this account will credit the giver which means bank will give the money.