Too confusing please tell me

350 views
User Avatar

3145 Points Posted on 25 March 2023
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????
0 Reply Share Follow
On 25 March 2023 at 06:20 Report
Replies (3)
Quick Summary
This discussion clarifies the correct accounting entries for cash withdrawals and deposits, especially within TallyPrime. It addresses common confusion regarding debit and credit for these transactions. The correct entry for cash withdrawal is debiting the Cash Account and crediting the Bank Account, while for cash deposits, it's debiting the Bank Account and crediting the Cash Account.

User Avatar

16 Points Posted on 25 March 2023
Cash Withdrawal is

Cash Account Dr
To Bank Account

Cash Deposit is
Bank Account Dr
To Cash Account
1 Reply
On 25 March 2023 at 06:54
User Avatar

3145 Points Posted on 25 March 2023
@ 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
Reply
On 25 March 2023 at 07:01
User Avatar

16 Points Posted on 25 March 2023
Correct. for Cash withdrawal

cash account is debited
Bank account is credited
Reply
On 25 March 2023 at 09:59

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Guidence requested for a Finance Professional with
  2. Expert Opinion Required – Form 140 Gross Amo
  3. WRONG TAX DEMAND - formal responses , rectificatio
  4. Foreign remittance
  5. Affordable Residential Flats in Gurgaon
  6. Manufacturing
  7. TAN REGISTRATION ON E-FILLING SITE
  8. Form 10-IEA – Continuing Old Regime
  9. Income tax act 2026
  10. Belated Return where Form 10IEA filed this year to

More recent discussions | Post

Related Topics :

Loading