Question

recieved crossed cheque from Aparna rs 50000 journal entry​

Answer 1

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