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Too confusing please tell me

284 views 3 replies
typically what is the entry for cash withdrawal and cash deposit???

both journal and Tally prime plse tell me

some people's telling cash withdrawal

cash a/c

To bank

or

Bank a/c

to cash????


which one is correct????
Replies (3)
Cash Withdrawal is

Cash Account Dr
To Bank Account

Cash Deposit is
Bank Account Dr
To Cash Account
@ Honourable Sagar shah sir ,Thanking you,but in tally prime in contra entry for cash withdrawal entry they telling

Bank cr

cash Dr. ???

correct or not sir

how to I pass in tally prime sir
Correct. for Cash withdrawal

cash account is debited
Bank account is credited


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