Question

deposited the entire balance of cash into bank rupees 5000 in hand

Answer 1

bank a/c debit

cash a/c credit

: )

Answer 2

3 golden rules

• debit the receiver , credit the giver

• debit what comes in , credit what goes out

• debit all the expenses and losses , credit all the incomes and gains

analyse the question

• Deposited cash ie, cash goes out of the business therefore its credited

bank is a personal A/c , where bank is receiver , therefore its debited

Journal entry

Bank A/c Dr 5000

To cash A/c 5000

(being cash deposited to bank )

This also called contra entry

Hope its useful..!!