Cash withdrawn 15lakh
This query is : Resolved
Harish Arman
(Querist)
29 June 2016
hello,
recently cash withdrawn from bank 15lakh rupees and given to party how show tht entry in accounts please help
recently cash withdrawn from bank 15lakh rupees and given to party how show tht entry in accounts please help
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
and for Payment entry.
Creditors (Party)A/c Dr Rs.15Lacs
Cash A/c Cr Rs.15Lacs
Rupesh Jain
(Expert)
29 June 2016
you can not make cash payment to the party at one time.
entry tell by bharath is correct as accounting.
entry tell by bharath is correct as accounting.
29 June 2016
Agree with Mr. Rupesh Jain
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