Question

Journal entry of Recieved a cheque from surender and sent it to bank.

Answer 1

3 golden rules

• debit the receiver , credit the giver

• debit what comes in , credit what goes out

• debit all the expenses and losses , credit all the incomes and gains

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i assume its deposited on same day

Reason for debit and credit

BAnk A/c- personal account , whos the receiver of cheque therefore its debited

surender A/c - personal A/c , whos the giver in this case therefore its credited

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Journal entry

Bank A/c Dr

To surender A/c

(being received cheque and deposited same in the bank )

Answer 2

Answer:

Bank a/c Dr.

To surendra a/c

Explanation: