Bank od
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 January 2012
what is the exact entry for bank od
is it cash to bank od ... exp to cash or exp to bank od
i am trying to ask if we can get cash as od or we can only get a bank od which is non-cash
is it cash to bank od ... exp to cash or exp to bank od
i am trying to ask if we can get cash as od or we can only get a bank od which is non-cash
12 May 2012
When cash is withdrawn from an O/d account or payment is made to a creditor, entry shall be as under:
Cash/Creditor A/c Dr
To Bank O/d A/c
When cash is deposited in O/d Account, entry:
Bank O/d A/c Dr
To Cash A/c
Cash/Creditor A/c Dr
To Bank O/d A/c
When cash is deposited in O/d Account, entry:
Bank O/d A/c Dr
To Cash A/c
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