Handling of bank entries
This query is : Resolved
13 August 2012
there are a cash credit bank A/C the party deals all the business transaction in this A/C even received of cheque . how i can show the receipt of cheque in entries & p&l and Balance sheet.
14 August 2012
For receipt, entry will be simple:
Bank A/c Dr
To Debtor
The fact that the bank account is a cash credit a/c does not change the basic accounting entries.
Bank A/c Dr
To Debtor
The fact that the bank account is a cash credit a/c does not change the basic accounting entries.
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