Question

What is the journal entry of Cash balance Rs 10000​

Answer 1

Bank account dr 10000

to cash account 10000

Answer 2

Journal entry for cash balance will be -

Cash A/C DR 10,000

                To Capital A/C 10,000

(Being the balance of cash)

• Therefore, the capital account will be credited, and the cash account will be debited as cash grows.
• A diary is a useful instrument for recording all kinds of transactions, including those that are not financial.
• It is an accounting diary that shows the credit and debit balances of the business.
• Multiple recordings, each of which is either a debit or a credit, may be included in the journal entry.
• They include all financial transactions, including those involving interest, depreciation, expenses, and payroll.
• They extend beyond only purchasing and selling goods and services.

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