account is debited when cheques are received from debtors which are not deposited in the bank.
A
Debtors
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Cash
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
Bank
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Cheques
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution
The correct option is B Cash When cheques are received from debtors and are not deposited in the bank, then Cash account is debited and debtors account is credited.