Received a cheque from Mr.A which is deposited in bank should be debited to:
Mr. A's account
Bank account
Cash account
Personal account
Cheque received from Mr. A which is deposited in bank should be debited to Bank account.
When cheques are received from debtors which are not deposited in bank, which account is debited?
When debtors deposit amount directly to our bank account, which account shall be debited?