journal entries for radha paid into bank directly
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Bank A/c____________Dr.
_______To Radha_______
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Journal entry: - Bank A/c….Dr
To Radha’s A/c…
Explanation:
A journal entry is a process of keeping a record of all the economic and non – economic transactions
that occur on a day to day basis which shows the debit and credit balances of a particular account.
Here, we’re dealing with Radha’s account. In her situation, the money is paid directly into the bank,
which means that money is directly deposited into Radha’s bank account, pretty obvious right?
The journal entry here should be:
- Bank A/c…..Dr
To Cash A/c….
But in Radha’s case is should be:
- Bank A/c….Dr
To Radha’s A/c…
This is the journal entry to this particular case.
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