Question

received a cheque of rs 10000 from jay which type of transaction is this​

Answer 1

Answer:

cash transfer is the answer of questions

Answer 2

Explanation:

Rs.10000 received by cheque from Jay. This transaction affects two accounts i.e. Bank (Real A/c) and account of Jay. (Personal A/c).

Following the rule of personal account i.e. debit the receiver and credit the giver, Jay account will be credited.

Following the rule of real account i.e. debit what comes in credit what goes account, money is coming, hence debit the bank account.

Bank A/c Dr.

To Jay A/c.