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Journal entry for bank deposit and withdrawal

Accounting Entries 1734 views 3 replies

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

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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