open abank account by cheque from saving from saving account
sujiritha95:
do u asking abt journal entry
yes
if say ur transfree from SBI bank to Axis bank
then entry will be debit the receiver and credit the giver
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You can also deposit and withdraw money out of your account using cheques. The benefit of using a cheque to pay or receive money is that if the amount is large, you don’t have to worry about it getting lost or robbed while it changes hands. Even if you lose the cheque, your money will be safe if you have taken care to write the cheque in the correct manner. Following is the correct way to deposit money through a cheque:
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savings account is the most basic type of account at a bank or credit union, allowing you to deposit money, keep the funds safe, and withdraw funds as needed. Savings accounts typically pay interest on your deposits, which helps you grow your money, but rates are relatively low on these low-risk accounts.
As you master your savings account, you’ll use other accounts for specific financial
As you master your savings account, you’ll use other accounts for specific financial
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