What is the journal entry for cash deposited to bank?

Answer 1

The journal entry would be:

Bank A/c Dr

To Cash A/c

Answer 2

debit bank
credit cash

Answer 3

The journal entry for cash deposited to a bank would typically be:

Debit: Cash (increase in assets)

Credit: Bank (increase in liabilities)

This is because depositing cash into a bank account increases the assets of the business (cash) and also increases the liabilities of the business (the bank account balance).

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Answer 4

X purchase a machinery from Y for ₹ 560000.payment to be maid ₹150000 downpayment & balance in three Installment of ₹ 150000 each at the end of each year rate of interest is charge 5% p.a calculate in each Installment

Answer 5

Cash at bank will be debited and cash will be credited.

Answer 6

When cash is deposited in the bank. the bank account is debited, and cash is credited. The journal entry will be:

Bank account Dr

To Cash account