Easy Office
LCI Learning

Journal entry !!!

This query is : Resolved 

20 April 2014 Dear Expert,
If a Debtor makes a Cash deposit in my ICICI A/c..What will be the Journal Entry.?

Pls Reply !!!

Thank You.

20 April 2014 Cash A/c Dr.....
To Debtors A/c....

Bank A/c Dr....
To Cash A/c....

20 April 2014 Sir, If i am maintaining in cash basis..can i pass directly such entry:-

ICICI Bank A/c Dr.
To Professional Fees A/c

is this the proper entry ??

Pls correct me.







21 April 2014 yes it would be fine. However, just wondering why a b.com graduate from delhi university needs to ask question on cash basis accounting!

21 April 2014 If you have received the amount against Professional service provided or to be provided then only you can treat it as a Professional fees.

One entry :
Professional Fees A/c Dr.
To Debtors A/c

Second Entry
ICICI Bank A/c Dr.
To Professional Fees A/c



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries