What will be the entry in cash book ÷ deposited with the bank the entire balance after retaining 2000 at office
Answers
Answer:
"I can detect from it that the balance is done... what balance is coming, then it will be corners entry, that is," the answer says after determining the cash balance of both.
to cash (c) in the Dr. Bank column.
by a bank (c), in the cash column on the left.
Explanation:
When a debit and credit have a net zero impact on the same parent account and are reported as a counter entry, the account is affected. These are the exchanges between bank accounts and cash. Towards Entries The office deposits cash into the bank as payment and as a bank receipt. Therefore, type "By Bank" in the cash column on the credit side and "To Cash" in the bank column on the debit side.
The journal entry may contain many records, each of which is either a debit or a credit. They cover all financial transactions, such as those involving payroll, costs, depreciation, and interest.
To learn more about financial transactions visit,
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