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Journal entry !!!

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(Querist)
20 April 2014 Dear Expert,
If a Debtor makes a Cash deposit in my ICICI A/c..What will be the Journal Entry.?

Pls Reply !!!

Thank You.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
20 April 2014 Cash A/c Dr.....
To Debtors A/c....

Bank A/c Dr....
To Cash A/c....
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Abhishek Kumar

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Abhishek Kumar (Querist)
20 April 2014 Sir, If i am maintaining in cash basis..can i pass directly such entry:-

ICICI Bank A/c Dr.
To Professional Fees A/c

is this the proper entry ??

Pls correct me.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
21 April 2014 yes it would be fine. However, just wondering why a b.com graduate from delhi university needs to ask question on cash basis accounting!
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Nischit Sanghavi

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Nischit Sanghavi (Expert)
21 April 2014 If you have received the amount against Professional service provided or to be provided then only you can treat it as a Professional fees.

One entry :
Professional Fees A/c Dr.
To Debtors A/c

Second Entry
ICICI Bank A/c Dr.
To Professional Fees A/c
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