Cash paid by bank deposit in supplier a/c in interstate


This query is : Resolved 

03 August 2019 Cash paid by bank deposited direct to supplier A/c in interstate.
Is valid transaction or not in case of non register individual buyer having 1000000/- turnover.llz reply.
Read more at: https://www.caclubindia.com/experts/ask_query.asp

04 August 2019 Such cash deposit should not be 2 lacs and above.

04 August 2019 what journal entry to be pass sir ?

04 August 2019 Supplier's account Dr
To cash cr

04 August 2019 Sir What Entry Suppose to be passed by Receiver ?
Cash dr
to party

or contra entry to be passed?

05 August 2019 Bank dr
To party
Payment received in bank.


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