cash paid to banker. what is the journal entry for this?
2 Answer(s)
Sireesh
may be -
Bank A/c to Cash a/c
and
cash a/c to bank a/c
it will be a contra entry...
correct me if I am wrong
Apr 17 2014 08:42 PM
Bank A/c to Cash a/c
and
cash a/c to bank a/c
it will be a contra entry...
correct me if I am wrong
Aditya
Does your question mean you are depositing cash into your bank account ? If yes, then the entry will be
Bank A/c Dr , To Cash A/c. It is a Contra Entry.
When you do the opposite, Withdraw from Bank, the entry will be ..
Cash A/c Dr
To Bank A/c
This is also a Contra Entry.
Apr 19 2014 09:13 AM
Bank A/c Dr , To Cash A/c. It is a Contra Entry.
When you do the opposite, Withdraw from Bank, the entry will be ..
Cash A/c Dr
To Bank A/c
This is also a Contra Entry.