Accountancy, asked by Reaj9027, 11 months ago

Journal entry of cash sent to bank

Answers

Answered by sm5230742
3

Answer:

The Answer is Debit

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.

Explanation:

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