Question

journalise the following transactions of Dinesh traders: jan 2 Opened bank account with SBI Rs.5000​

Answer 1

Answer:

Jan2. Bank A/c. Dr. 5000

To CashA/c. 5000

Explanation:

Real A/c. it treats as. debit what comes in

and. credit what goes out

so. the business reduces when it deposited at the bank so , it will credited