Accountancy, asked by nainikajindal, 1 year ago

received 5000 by bank draft journal entry

Answers

Answered by lalla129

cash a/c dr.
to bank a/c

nainikajindal: thanks

nainikajindal: please answer my another question also

lalla129: yeah sure ask

nainikajindal: suresh who owed 5000 rs paid by bank draft to us write journal entry

lalla129: bank or bank draft a/c dr.

lalla129: to cash a/c

nainikajindal: ok

nainikajindal: thanks

lalla129: yeah surw

lalla129: sure

Answered by isyllus

Explanation:

Journal

Particulars Dr.(Amount) Cr.(Amount)

Bank A/C Dr. 5000

To Debtor(Party) A/C 5000

journal entry related there are some rules

Increase in Asset Debit

Decrease in Asset Credit

Transaction: received 5000 by bank draft

Aspect 1. Bank Amount is Increase so Bank will be Debited.

Aspect 2. we get draft by debtor and debtor is asset ,for giving draft debtor will decrease and rule is credit.

By using above 2 Aspect we pass journal.

#learn more

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