Question

deposited with bank journal entry ​

Answer 1

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.

Answer 2

Explanation:

Bank A/C Dr XXX

To Cash A/C XXX

(Being amount deposited in bank)

Bank is personal A/c

Debit -what comes in

cash is Real

cr-what goes out