Bank od entries

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Querist : Anonymous

Querist : Anonymous (Querist)

26 March 2013 bank od a/c entries

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)

26 March 2013 Clik the following link the same entries in such link will applicable for OD also.

https://www.caclubindia.com/experts/bank-cc-a-c-all-entres-1267889.asp

OM SAI SRI SAI JAI JAI SAI

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)

26 March 2013 Why you being confusion. How will you pass entries for the Savings account or Current account same as to be pass entries for OD or CC accounts. But savings account or current account will disclose under current assets at the balance sheet because these are deposit account and OD or CC account will disclose under Loans and Liabilities at the balancesheet because these are loans(i.e liability).

OM SAI SRI SAI JAI JAI SAI

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