Which account shall be debited for issue of cheque to a regular supplier of our company?
Debtor`s account
Drawings account
Bank account
Supplier`s accoount
Supplier`s account shall be debited in such a case.
When debtors deposit amount directly to our bank account, which account shall be debited?
Bank balance as per cash book is Rs.12,000, taking into account cheques worth Rs 5,000 issued to suppliers which were not reflected in the bank statement. The balance as per bank statement shall be:
When cheques are received from debtors which are not deposited in bank, which account is debited?