Question

Journalise the following transaction, received a bearer cheque for Rs 15000 from dhanraj

Answer 1

heyaa,,,
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journal entry for received a bearer cheque for Rs 15000 from dhanraj will be;
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cheque in hand a/c dr 15000
to dhanraj a/c 15000.
(being cheque received from dhanraj)
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°°°°reason for debit and credit;
¤ cheque in hand means owner is the ¤receiver of cheque so, it will be debited.
¤ giver of cheque is dhanrah here so, dhanraj will be credited...
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hope it helps☺☺☺

Answer 2

Answer:

received a bearer cheque rs20000 from vikas