What is the journal entry of opening a bank account by cheque from savings account
Answers
Journal entry for opening a savings account by cheque:Dr Cash Checking xx:
Cr Cash Savings xx:You can enter journal entries using different styles of ledger and multiple detail options that distribute amounts to various accounts.
The basic journal entry process serves as guideline for the basis for working with other types of journal entries.
The system validates the dataas soon as your entry accordingly to ensure that the integrity of your financial data remains intact.Opening a saving bank account by cheque from other savings account.Savings account opening form to be filled up.
There are slandered form for bank almost similar for all banks. You have to fill up the form with all the details like:
1)PAN card.
2)Aadhaar card.
3)Address proof.
4)2-3 passport type photos and the cheque of amount equal or more than minimum balance amount.