Question

what is journal entry for deposited Rm550 of cash into the bank account.

Answer 1

Answer:

I deposited Rs. 5000 in a bank. What is a journal entry?

Cash deposited into bank 5000

a) Bank is receiver of cash, so bank account will be debited.

b) Cash goes out, so cash account will be credited.

Bank Account Debit 5000

Cash Account Credit 5000

Explanation:

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Answer 2

Answer:

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