Cash you have deposited into a bank is credit
Money to be paid back later is debit
Listen its Debit. To be simple if you asking in accounting if cash in bank will have a debit or credit balance in the adjusted trail balance then its Debit.
[Debit] Cash / bank [Credit] Fee income
Example of journal entries are as follows: 1 - Start of business [Debit] Cash /bank / goods [Credit] owners equity 2 - Purchase of asset [Debit] Asset account [Credit] Cash / bank 3 - Increase of capital [Debit] Cash / bank [Credit] Owners equity 4 - Decrease in capital [Debit] Treasury Stock [Credit] Cash / bank
Debit Carriage inward expenseCredit Bank (if paid in cash/bank)orCredit Accounts Payable (if accrual)
[Debit] Accrued salary payable [Credit] Cash / bank
debit cash credit bank
Debit
[Debit] cash 2600 Credit sales 2600 Deposited to bank Debit Bank 2600 Credit Cash 2600
[Debit] Cash / bank [Credit] Fee income
Example of journal entries are as follows: 1 - Start of business [Debit] Cash /bank / goods [Credit] owners equity 2 - Purchase of asset [Debit] Asset account [Credit] Cash / bank 3 - Increase of capital [Debit] Cash / bank [Credit] Owners equity 4 - Decrease in capital [Debit] Treasury Stock [Credit] Cash / bank
Cash/Bank/Accounts Receivable [Debit] Sales[Credit]
Debit Carriage inward expenseCredit Bank (if paid in cash/bank)orCredit Accounts Payable (if accrual)
[Debit] Building account [Credit] Cash / bank
[Debit] Accrued salary payable [Credit] Cash / bank
debit cash credit bank
[Debit] Sales return [Credit] Cash /bank [Debit] Sales [Credit] Sales return
You write a cash withdrawal as follows: debit cash ; credit bank.
yes. the entry should be: petty cash fund debit cash in bank credit