Question

What will be the journal entry of deposited cash to open a current account with bank?

Answer 1

Bank A/C. Dr. Rs.xxx

To Cash A/C. Rs.xxx

(Being cash deposited with bank for opening current account)

Answer 2

Current Bank A/c...............Dr.    XXX

To, Cash A/c                                            XXX

(Being Cash deposit in bank to open current Account)