recieved crossed cheque from Aparna rs 50000 journal entry
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A journal entry is the record of a transaction of a business.
- The correct journal entry is -
Bank A/c 50,000
To Aparana A/c 50,000
( Being the cheque received)
- The bank will be debited because the money comes to the bank. This is so as the cheque is always deposited in the bank.
- Aparna will be credited to cancel the current debit balance up to received amount
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