sold old furniture and received therefor a bearer cheque from c.laha the purchaseer Rs. 4000 what is journal entry
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Heyaa,,,
____________________________
journal entry for received a bearer cheque for Rs 15000 from dhanraj will be;
____________________________
cheque in hand a/c dr 15000
to dhanraj a/c 15000.
(being cheque received from dhanraj)
____________________________
°°°°reason for debit and credit;
¤ cheque in hand means owner is the ¤receiver of cheque so, it will be debited.
¤ giver of cheque is dhanrah here so, dhanraj will be credited...
____________________________
hope it helps☺☺☺
____________________________
journal entry for received a bearer cheque for Rs 15000 from dhanraj will be;
____________________________
cheque in hand a/c dr 15000
to dhanraj a/c 15000.
(being cheque received from dhanraj)
____________________________
°°°°reason for debit and credit;
¤ cheque in hand means owner is the ¤receiver of cheque so, it will be debited.
¤ giver of cheque is dhanrah here so, dhanraj will be credited...
____________________________
hope it helps☺☺☺
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