100000 deposited in to bank OD journal entries
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overdraft accounting treatment would be to record a negative cash balance as a current bank overdraft liability, which may have a journal entry something like “checks written in excess of cash balance.” In many businesses, checks may be written to reduce accounts payable, and ...
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Answer: Journal entry for bank overdraft - 1494712. ... When Money is withdrawal from the bank: Note: bank Overdraft is a liability for the firm. Cash A/c Dr. To Bank Overdraft A/c ... x started businees with rupees 100000 journel entry.
Bank a\c Dr to cash a\c
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