Question

Sales Advance amount received from lal &Sons by SBI cheque journal entry​

Answer 1

Answer:

The journal entry will be:

Bank a/c Dr (Amount)

To Lal&sons a/c. (Amount)

Explanation:

As we can see that the amount is received by cheque which will be deposited in Bank. So debut the receiver.

And, as the amount 8s received from Lal&sons they are the giver and the rule says credit the giver.