I am not a believer of the popular accounting principle "Dr. the receiver & Cr. the giver" as it has limited application. How may of U agree with me ?

Yes, i understand your thought. Receiver and giver concept is general understanding of the Accounting principle. we should consider other concept & convention of accounting.

Sir also has the same problem when situations occur here is one q. Related to it When cheaque is received frim debtor and deposited in bank So the entry fored is Debtor personal ac Dr. To Bank ac Why ? It is so. If cheaque is receved from debtor so it shot be xreditors personal ac Dr or if it has been deposited in the bank so it should be bank ac Dr. But i t is not so . Please do tell me about this if u can

Please try to understand that you are referring to the accounting principle that are applocable for personal accounts and reserves  whether retained or general are not personal in nature. Kindly do try to digest the basic accounting principles for all types of accounts- Personal, Real and Nominal  nature before running into hasty conclusions and posting baseless questions.