Question

Cash sales of 785 deposited into bank cash book what will be the journal wntry

Answer 1

Cash A/c ... Dr. 785

To Sales A/c ... Cr. 785

(Being the goods sold for cash)

Bank A/c ... Dr. 785

To Cash A/c ... Cr. 785

(Being the cash deposited in bank)

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Answer 2

Answer:

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