Question

Paid income tax by cheque

Answer 1

Then draw a cheque with the amountpayable in the favor of "Name of Bank / Branch -- A/c Income Tax" if you are depositing the cheque along with the challan in the bank and branch with whom you have no banking relationship or "Your Name - A/cIncome Tax", if you are submitting thepayment to your branch.

Answer 2

3 golden rules

personal accounts - debit the received and credit the giver

real accounts -debit what comes in and credit what comes out

nominal accounts - debit all the expenses and losses, credit all the income and gains

as per the question 2 accounts affect purchases account and cash account

Income tax account - Nominal account

Bank account - real account

by applying the golden rules ,

Journal entry

Income tax A/c Dr

To Bank A/c

(being income tax paid )

Hope its useful..!!!