Simple journal entry
This query is : Resolved
02 August 2012
received a bearer cheque for 15000 from dhanraj
1> bank a/c ......... dr
to Dhanraj's a/c
OR
2 > cash a/c ......... dr
to dhanraj's a/c
please comment on this with reasons
1> bank a/c ......... dr
to Dhanraj's a/c
OR
2 > cash a/c ......... dr
to dhanraj's a/c
please comment on this with reasons
02 August 2012
If you deposit the cheque in your Bank then 1> and if you withdraw cash then 2>.
Reason---
Debit what comes in---
If deposited in bank bank debit.
If cash drawn then cash debit.
Reason---
Debit what comes in---
If deposited in bank bank debit.
If cash drawn then cash debit.
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