What entry will be posted when you deposit cash in the bank?

Question

Muhammad Fahad Chughtai · Answer

Dr.Bank Account

Cr. Where this cash is coming from. If from company cash, Cr. Cash. If from a customer Cr. Receivables. etc.

Muhammad Jahanzaib Khan · Answer

Bank Debit

A/R Credit

abdul salam · Answer

its call credit in account

Maria Lourdes Aballe · Answer

If your transaction is to place your cash on hand to your company's bank account, the entry should be:

Dr. Cash in Bank
         Cr. Cash on hand

While, there should be an entry upon receiving this cash:

e.g. 
Dr. Cash on hand 
          Cr.Accounts Receivable

:)

Anas Abu Rayya · Answer

Dr. Bank

Cr. what ever account it comes from

Saifullah Farooqui · Answer

deposit cash in the bank. bank credit

Utilisateur supprimé · Answer

as per below guys answers Dr. Bank Account & Cr. Cash