What is the journal entry of opening a bank account by cheque from savings account
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heyaa,,,
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What is the journal entry of opening a bank account by cheque from savings account.
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Bank a/c dr .
to capital a/c.
(being account oppened)
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¤ reason for debit and credit;
¤ cheque is of bank so it will be debited.
¤ account is oppened for firm so capital account will be credited.
___________________________
Hope it helps ☺☺☺
___________________________
What is the journal entry of opening a bank account by cheque from savings account.
___________________________
Bank a/c dr .
to capital a/c.
(being account oppened)
___________________________
¤ reason for debit and credit;
¤ cheque is of bank so it will be debited.
¤ account is oppened for firm so capital account will be credited.
___________________________
Hope it helps ☺☺☺
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