What is The Jaurnal Entry Of Bank Deposit?

Question

Accepted Answer

The journal entry of a bank deposit involves debiting the bank account and crediting the cash account.

Debit the bank account to increase the balance and credit the cash account to reflect the decrease in cash on hand.
The journal entry for a bank deposit is typically recorded as follows: Debit Bank Account, Credit Cash Account.
This entry helps in accurately tracking the movement of funds in and out of the bank account.

Accepted Answer

The journal entry of a bank deposit involves debiting the bank account and crediting the cash account. Debit the bank account to increase the balance and credit the cash account to reflect the decrease in cash on hand. The journal entry for a bank deposit is typically recorded as follows: Debit Bank Account, Credit Cash Account. This entry helps in accurately tracking the movement of funds in and out of the bank account

Accepted Answer

The journal entry of a bank deposit involves debiting the bank account and crediting the cash account.

Debit the bank account to increase the balance and credit the cash account to reflect the decrease in cash on hand.

The journal entry for a bank deposit is typically recorded as follows: Debit Bank Account, Credit Cash Account.

This entry helps in accurately tracking the movement of funds in and out of the bank account.

What is The Jaurnal Entry Of Bank Deposit?

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