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Cash withdrawn 15lakh

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Harish Arman

Harish Arman (Querist)
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29 June 2016 hello,
recently cash withdrawn from bank 15lakh rupees and given to party how show tht entry in accounts please help

bharath (Expert)
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29 June 2016 Contra entry for Bank to cash
and for Payment entry.
Creditors (Party)A/c Dr Rs.15Lacs
Cash A/c Cr Rs.15Lacs

Rupesh Jain

Rupesh Jain (Expert)
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29 June 2016 you can not make cash payment to the party at one time.

entry tell by bharath is correct as accounting.

CA Pracheta Shirish Deshmukh

CA Pracheta Shirish Deshmukh (Expert)
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29 June 2016 Agree with Mr. Rupesh Jain

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