Accountancy, asked by ashima60, 1 year ago

cash sent to bank journal entry​

Answers

Answered by kushalgowtham
9

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.

Answered by kiran8844
11
Bank ac dr
Cash Ac cr
(Cash deposited into bank )
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