Cash withdrawn 15lakh

This query is : Resolved

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recently cash withdrawn from bank 15lakh rupees and given to party how show tht entry in accounts please help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 (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 (Expert)
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29 June 2016 Agree with Mr. Rupesh Jain

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