Question

journal entry for bank account opened with sbi

Answer 1

Journal entry

Bank(SBI) A/c----------Dr. ( Amount )  

To Cash A/c ( Amount )

( Being, opened a bank account with SBI )

Explanation - In this , financial transaction we get two types of accounts as follows:

(1) Bank A/c and

(2)Cash A/c

So, as per the golden rule of  the , golden rule of accounting on the behalf  

of the real A/c it's treat as a "what comes in debit " and "what goes out credit".  

Here, the cash deposited at the bank increasing the balance of  

the bank A/c, so it will be debit and the physical cash held  

by the business reduces when it deposited at the bank,  

so it will be credit.

Answer 2

Answer:

Bank A/C dr.

Explanation:

The journal entries for the SBI bank fees would debit Bank Service Charges and credit Cash. The journal entry for a customer's check that was returned due to insufficient funds will debit Accounts Receivable and will credit Cash.

Here the bank is the receiver, according to the rules, bank account will be debited while passing the journal entry. Rules of Real Account– Debit what comes in, Credit what goes out. Here cash is going out from the business, so according to the rules, Cash account will be credited while passing the journal entry.

Journal entry opened with current account- It's a capital investment. So entry would be Bank account debit, capital account credit.

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