Accountancy, asked by sanketsonavane31, 9 months ago

received bearer cheque from abhay rs 5400.
cheque received from abhay deposit into bank for collection​

Answers

Answered by ItsRitam07
1

Answer:

Cash a/c. Dr ₹5,400

To Abhay a/c. ₹5,400

(Being bearer cheque received from Abhay)

Explanation:

As bearer cheques are open cheque, anyone can be the bearer of it and bank usually clears the cheque immediately after depositing so it is considered as cash.

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