Question

journal entry for
Opened a current account with bank
answer plz...​

Answer 1

For financial accounting purposes, journal entries provide the basis for all changes in the cash balance that companies report on a balance sheet. When you start a new company, the first journal entry you make must reflect the sources of your initial opening cash balance regardless of whether it’s from a loan or an investor. However, once you begin operations, it’s also important to understand the journal entries that are necessary to account for the inflows and outflows of cash.

Answer 2

Answer:

the journal entry is -

bank account. debit

to bank account