Accountancy, asked by sm8837748, 4 months ago

when we are depositing the money in bank, the entry should be done in

Answers

Answered by ItzMizzPunjaban
5

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A cash deposit bank journal entry is required when a business takes cash and deposits it into the bank account using a paying in slip. The bank account is a current asset and is included under the heading of cash and cash equivalents in the balance sheet of the business.

Answered by Itzpureindian
0

A cash deposit bank journal entry is required when a business takes cash and deposits it into the bank account using a paying in slip. The bank account is a current asset and is included under the heading of cash and cash equivalents in the balance sheet of the business.

hope its help u

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