He opened a new bank account in syndicate Bank by depositing cash rs 20000 wts the journal entry
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heyaa,,,
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¤ journal entry for He opened a new bank account in syndicate Bank by depositing cash rs 20000 will be;
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bank a/c Dr 20,000.
to cash a/c 20,000.
(being cash deposited into bank for opening a new account)
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¤ here bank is the receiver of cash so, it will be debited.
and,
¤ cash is going out so it will be credited.
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hope it helps. ☺☺☺
____________________________
¤ journal entry for He opened a new bank account in syndicate Bank by depositing cash rs 20000 will be;
____________________________
bank a/c Dr 20,000.
to cash a/c 20,000.
(being cash deposited into bank for opening a new account)
____________________________
¤ here bank is the receiver of cash so, it will be debited.
and,
¤ cash is going out so it will be credited.
____________________________
hope it helps. ☺☺☺
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