Question

Cash deposited into bank 4500..?? what is its journal entry..??​

Answer 1

Explanation:

Debit: The cash is deposited at the bank increasing the balance in the bank account. Credit: Physical cash held by the business reduces when deposited at the bank. It should be noted that the cash deposit bank journal entry simply transfers cash from one location to another, the asset the business has is always cash.

Answer 2

you have to add 4500 in your bank and subtract 4500 from cash

I am attaching one example of my journal entry so that u will get an idea (◕ᴗ◕✿)(◕ᴗ◕✿)

it's the rule that

asset = liability + capital