cash paid to banker. what is the journal entry for this?



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cash paid to banker. what is the journal entry for this?

5 Answer(s)


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Bank is a personal Account
Cash is real Account
When cash is going out, cash will be credited as per the golden rules(Dr-what comes in, Cr. what goes out)
Bank account will be debited, as per the golden rule(Dr.- the receiver and Cr- the giver)
So Journal Entry will be:
Bank a/c...Dr
To Cash A/c
(Being cash deposited into the bank)

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Bank A/C (Personal A/C) ----****
Cash A/C ----------------------------------------****
Bank Dr /Cash -Cr

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Bank A/c Dr
To Cash A/c

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Banker a/c Dr
To cash a/c
(Bring, cash paid to banker)

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Banker a/c Dr
To cash a/c
(Bring, cash paid to banker)