what is entry of .paid into bank

If the cash is paid into the bank then the entry will be:

Journal

Particulars

L.F.

Debit Amount

Rs

Credit Amount

Rs

Bank A/c

Dr.

 

 

 

 

To Cash A/c

 

 

 

 

(Cash is deposited into the bank)

 

 

 

 

 

 

 

 

If Cheques- in hand are deposited into the bank then the entry will be:

Journal

Particulars

L.F.

Debit Amount

Rs

Credit Amount

Rs

Bank A/c

Dr.

 

 

 

 

To Cheques-in-Hand A/c

 

 

 

 

(Cheques deposited into the bank)

 

 

 

 

 

 

 

  • -5

Bank a/c dr. 1234

To Cash a/c 1234

(Being the cash paid into bank)

It is a contra entry...

  • 1

The journal entry would be:Bank A/c ... Dr To Cash A/c

  • -2

the joural entery would be Bank a/c dr.

to cash a/c

AND in double column cash book the bank column of dr.side would be debited and cash column of cr. side would be credited

  • -3

it will be Bank A/C dr.

To Cash A/C

As the bank balance increases and the cash balance decreases

  • 0

Bank A/c ...Dr

To Cash A/c

( Being the cash paid into bank )

Its a contra entry and therefore it would be posted to both sides of cash book.

In debit side it is posted as To Cash and in credit side it is posted as By Bank

  • 5
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