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????
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Too confusing please tell me
Replies (3)
Quick Summary
Cash Withdrawal is
Cash Account Dr
To Bank Account
Cash Deposit is
Bank Account Dr
To Cash Account
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
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
cash account is debited
Bank account is credited
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