In Bank statement By cash self deposit ( can we put in Contra entry or receipts) ??? could you please guide me
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Quick Summary
This discussion clarifies how to handle cash self-deposits into a bank account. It confirms that a contra entry is the appropriate method. The correct journal entry is to debit the Bank Account and credit the Cash Account. For users of Tally, the guide specifies using the Contra voucher, accessed by pressing F4.