I have a doubt regarding Banking journal entries.
1. Is it necessary to write a payment voucher while i deposit cash to bank.
2.Is it necessary to write a receipt when i withdraw cash from bank
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Journal entry for bank deposit and withdrawal
Replies (3)
Pass a contra entry. It will simply reflect in both the Cash & Bank a/c
No need to prepare vouchers in either case but as vivek mentioned just pass those JE.
Pass a contra entry
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