Accountancy, asked by dhakal030, 3 months ago

Journal Entry:

Cash received from Sohan and directly deposited into bank ​

Answers

Answered by sidheswar18
0

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.


dhakal030: journal entry
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