When debtors deposit amount directly to our bank account, which account shall be debited?

Owner`s Funds

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Drawings

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Cash

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Bank

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is D
Bank

When debtors deposit amount directly to our bank account, bank a/c will be debited as bank balance is increasing.

Suggest Corrections

Similar questions

Q. When debtors deposit amount directly to the bank account, account shall be debited.

When cheques are received from debtors which are not deposited in bank, which account is debited?

Q. account is debited when cheques are received from debtors which are not deposited in the bank.

Prepare a Bank Reconciliation Statement as on 30^thJune 2011 from the following details-
(i) Pass Book shows an overdraft of Rs 6,000
(ii) Bills Receivable amounting to Rs 3,500 discounted with the Bank, later dishonored, but not recorded in the Cash Book due to lack of information.
(iii) Cheques deposited into the Bank but not realized Rs 15,000
(iv) Cheques amounting to Rs 2,500 issued but not debited by Bank.
(v) Total of Cash Book debit side Bank column was short by Rs 560.
(vi) Transferred Rs 4,000 from current Account of fixed Deposit Account was not recorded in the Cash Book
(vii) Our customer directly deposited Rs 4,500 in our Bank A/c

The owner writes a cheque in his favor for withdrawal of money from bank for business. Which account shall be debited in this case?

Join BYJU'S Learning Program

When debtors deposit amount directly to our bank account, which account shall be debited?

The correct option is D Bank When debtors deposit amount directly to our bank account, bank a/c will be debited as bank balance is increasing.

The correct option is D
Bank

When debtors deposit amount directly to our bank account, bank a/c will be debited as bank balance is increasing.