Accountancy, asked by rimfg1259, 5 months ago

Deposited cash rs 10000 into State Bank of India journal entry

Answers

Answered by adhyam1

Answer:

Bank A/c.... Dr.

To Cash A/c

Explanation:

Bank account is debited bcoz the bank balance is increasing and as per the asset rule says debit the increase and credit the decrease.. the same applies to cash account and hence the cash account is credited

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