Question

pass necessary journal entries for the following transaction 2020 April 1 deposited in bank ₹ 3000 april 3 cash withdraw fron bank ₹10000 April 7 wages paid by cheque₹7000 April 10 cheque received from ​

Answer 1

Answer:

1,bank a/c Dr

to cash

(being cash deposited in bank)

3,cash a/c Dr

to bank a/c

(being cash withdraw)

10,wages a/c Dr

to cash a/c

(wages paid by cheque)

Explanation:

bank balance is getting increase so we will Dr since bank balance is asset and when asset increase we Dr and when asset decrease we cr and wages is expenditure, expenditure have Dr balance