Question

journal entry for bank account opened with p.n.b

Answer 1

The journal entry of the bank account opened with PNB will be:

Bank (PNB) a/c Dr. amount

To cash a/c amount

(Being a/c opened with PNB)

Journal entries contain the transition made on the sale or purchase of a product to maintain a record of what is credited and how much is debited to the account.

Answer 2

Bank A/C Dr. 50,000

To cash A/C 50,000

( Being opened a bank account )