A Cheque for Rs. $10, 000$ received from Ramesh, a trade debtor, should be accounted for as:
Debit Credit
(A) Bank A/c Ramesh A/c
(B) Cash A/c Sales A/c
(C) Ramesh A/c Cash A/c
(D) Cash A/c Ramesh A/c

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Solution

The correct option is D A
Rs.10000 received by cheque from Ramesh. This transaction affects two accounts i.e. Bank (Real A/c) and account of Ramesh (Personal A/c).

Following the rule of personal account i.e. debit the receiver and credit the giver, Ramesh account will be credited.

Following the rule of real account i.e. debit what comes in credit what goes account, money is coming, hence debit the bank account.

Bank A/c Dr.
To Ramesh A/c.

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Debit	Credit
(A) Bank A/c	Ramesh A/c
(B) Cash A/c	Sales A/c
(C) Ramesh A/c	Cash A/c
(D) Cash A/c	Ramesh A/c

A Cheque for Rs.10,000 received from Ramesh, a trade debtor, should be accounted for as:DebitCredit(A) Bank A/cRamesh A/c(B) Cash A/cSales A/c(C) Ramesh A/cCash A/c(D) Cash A/cRamesh A/c

A Cheque for Rs. $10, 000$ received from Ramesh, a trade debtor, should be accounted for as:
Debit Credit
(A) Bank A/c Ramesh A/c
(B) Cash A/c Sales A/c
(C) Ramesh A/c Cash A/c
(D) Cash A/c Ramesh A/c