🌟 Withdraw of Cash Rs 50000 from Canara bank
🌟 Cash Deposit of Rs 100000 to Canara bank
🌟 Cash Deposit to one bank to another bank Rs 25000( Canara bank to SBI bank)
Could you plse tell me the Journal entries of these three transactions having with " TO and " BY".....I need To and By concept
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Bank statement transactions
Replies (7)
Cash A/c Dr
To Bank A/c
Bank A/c. Dr
To cash A/c
Receiver Bank Dr
To Giver Bank A/c
To Bank A/c
Bank A/c. Dr
To cash A/c
Receiver Bank Dr
To Giver Bank A/c
By cash a/c Dr Rs 50000
To Canara bank
By Canara bank a/ c Dr
To. Cash
By SBI bank a/ c Dr
To Canara bank
My honourable CA , This is correct or not ' To and By concept??
To Canara bank
By Canara bank a/ c Dr
To. Cash
By SBI bank a/ c Dr
To Canara bank
My honourable CA , This is correct or not ' To and By concept??
@ MPR Sanjay Kumar ,
Your entries correct which come under contra entry
Your entries correct which come under contra entry
Yes, exactly
Thank you CA Rashmi mam and Eswar sit
Welcome ....... My Pleasure.........
These are all normal contra (cash bank contra). and another Dr. the receiver
cr. Bank.
as per Golden rule of accountancy.
cr. Bank.
as per Golden rule of accountancy.
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