Opened a Bank Account simple cash book
Answers
Answer:
in this question the case that is being deposited to the firm will be debited has been bank account will increase due to the income of money.
since the physical case is held by the firm at the point of depositing we will credit the cashman denoting the reduced when we deposit the cash into the bank journal entry is an example of simple transfer of funds from one account to another account
in our case we have opened the bank account and depositing some cash cousin the entry given above
Explanation:
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Answer:
Cash Book is the one in which all the cash receipts and cash payments including the funds that are deposited in the bank and funds which are withdrawn from the bank are recorded according to the date of the transaction. All the transaction which is recorded in the cash book has the two sides i.e., debit and credit.
Explanation: