Accountancy, asked by 404811, 1 month ago

Deposited into bank from savings account. Journal entry

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Answered by VEDANT0685

Answer:

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Explanation:

Every entity deposits its idle cash in its bank account. Depositing cash in the bank account will fetch interest to the entity and also ensure safety of the money. Cash deposit in the bank is one of the most recurring transactions in every entity’s day-to-day business activity. So, it is important to know the journal entry for the same

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