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What will be the entry in cash book when cheque is paid to bank?
There will be no entry in cash book when cheque is paid into bank if cash was deposited into bank then there will be entry in cash book
Why contra entry passed for cash deposit and cash with drawls?
withdraw and deposit entry
What is a single entry in account?
single entry means cash entry
Is the entry to establish a petty cash account a debit to petty cash and credit to cash?
yes. the entry should be: petty cash fund debit cash in bank credit
When double entry for transaction appear on both side the cash book is called?
When double entry for both side of cash books appears that type of transaction is called contra entry as in double column cash book entry for receiving or paying cash in bank or from bank requires entry on debit as well as credit side of cash book.
When was Cash Explosion created?
Cash Explosion was created in 2007.
What is the duration of Cash Explosion?
The duration of Cash Explosion is 1320.0 seconds.
What will be the entry in cash book when cheque is paid to bank?
There will be no entry in cash book when cheque is paid into bank if cash was deposited into bank then there will be entry in cash book
Why contra entry passed for cash deposit and cash with drawls?
withdraw and deposit entry
What is a single entry in account?
single entry means cash entry
Is the entry to establish a petty cash account a debit to petty cash and credit to cash?
yes. the entry should be: petty cash fund debit cash in bank credit
When double entry for transaction appear on both side the cash book is called?
When double entry for both side of cash books appears that type of transaction is called contra entry as in double column cash book entry for receiving or paying cash in bank or from bank requires entry on debit as well as credit side of cash book.
Is cash sales banked immediately a contra entry?
YesBecause the entry deals with both cash and bank
What is the journal entry for a cash purchase with discount?
Debit purchasesCredit cash / bankno entry for trade discount and in case of cash discount:Debit purchasesCredit cash / bankcredit discount
What is the general journal entry for cash deposit?
Cash deposit to bank has contra entry as follows: [Debit] Bank account [Credit] Cash account
How can you pass entry for cash payment?
cash dr. to party.
What is the entry for cash purchase?
Purchase a/c Dr. To cash
