how to create bank account?
# Cash account to Bank account # Bank account to Cash account # Bank account to Bank account
One can cash their paychecks at one of their local banks. However, one will have to create a bank account in order to do so. The conditions required to open an account will vary from bank to bank.
Debit bank accountCredit cash
Debit Bank account Credit Cash account
You write a cash withdrawal as follows: debit cash ; credit bank.
I want to open CC acount in SBI Bank What are the documents required please advice me
[Debit] Cash account xxxx [Credit] Bank account xxxx
[Debit] Cash account xxxx [Credit] Bank account xxxx
The cash account in the company's ledger is Bank.
Cash deposited will be shown in cash column while bank account will be debited to bank account and balance in bank column of cash book while as this is contra entry "C" will be shown in third column for both cash and bank.
Cash deposit to bank has contra entry as follows: [Debit] Bank account [Credit] Cash account
1. [Debit] Cash account xxxx [Credit] Bank account xxxx