Question

Issued cheque for Rajesh in full settlement Rs 9000

Answer 1

Rajesh Dr. 9000
To Bank A/C 9000

Answer 2

The transaction affects two accounts... Rajesh account (we owe money) , Bank a/c(paid 9000 via Cheque)

Rajesh account is a Personal account (as the name suggests)

Bank account is a Real account (All the assets and Liabilities come under Real account; Bank is an asset)

The Three 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.

in contention with the above rules..

Rajesh should be debited (he is the receiver)

Bank should be credited (cash in bank is going out).

So the journal Entry will be...

Rajesh Dr 9000

To Bank a/c. 9000

(Being amount due to Rajesh settled )