0
debit cash account
credit bank account
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
What is the journal entry for deposit to bank account for beginning a business?
Journal entry for opening a bank account
How do you record depreciation in a journal entry?
[Debit] Depreciation Account [Credit] Assets Account
Why do you need to re class a journal entry?
if journal entry is misclassified to some other account then it is required to re-classify the journal entry for correct impact or record purposes.
How do I create a journal entry for opening an account balance?
Debit bank accountCredit cash
What is the journal entry of opened bank account on Nepal Bank Ltd with rs 60000?
To record the opening of a bank account with Nepal Bank Ltd. with a deposit of Rs 60,000, you would typically use the following journal entry: When opening the bank account: Debit: Bank Account (Asset) - Rs 60,000 Credit: Cash or Bank (Asset) - Rs 60,000 This entry represents the transfer of cash from the cash account (or another bank account) to the newly opened bank account at Nepal Bank Ltd.
What is journal entry to record return of supplies on account?
debit accounts payablecredit supplies return account
What is the journal entry to record an accrued exp?
debit: expense account credit: account payable (vendor)
How do you record a journal entry for sale on account?
Debit accounts receivableCredit sales revenue
What need to happen when recording a journal entry for a sale account?
To record a journal entry for sales, the possession of goods or services is transferred from business to client or end user.
Which Journal entry is used to record equipment purchased on account?
debit equipmentcredit accounts payable
How do you record journal entry of SALE land on credit?
debit accounts receivablecredit land account
Which journal entry records payment for supplies?
The journal entry to record payment for supplies would involve crediting the cash account and debiting the supplies expense account.
