Journal entry of cash sent to bank
Answers
Answered by
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:
hope you will understand
Similar questions
Computer Science,
6 months ago
English,
6 months ago
English,
11 months ago
English,
11 months ago
Business Studies,
1 year ago
Chemistry,
1 year ago