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cash a/c dr
bank a/c
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How do you pass journal entry for cash in hand?
Debit cash in handCredit bank
What is is the journal entry for cash in hand?
debit cash credit bank
What is the journal entry for the cash stolen from cash box?
Debit: Profit & Loss Account Credit: Cash In Hand or Petty Cash Nature of Debit is Expense and the nature of Credit is Asset. Expense Increased and Asset Decreased If you have an account already open for such Losses then you should debit such account. For example in my company Cash loss is usual Case so we have an Account titled "Cash Lost Expense" In my cash I will pass the entry as Debit: Cash Lost Expense Credit: Cash in Hand or Petty Cash
Journal entry for Cash purchase of goods?
cash purchase of goods: inventory (Debit) increased Cash in Hand (Credit) decreased with amount of total cost of Goods purchased
Journal entry for purchased dental supplies and supplies that are on hand?
Debit dental supplies inventoryCredit cash / bank
What is the journal entry for cash in hand 50000 and bank deposit 30000 for opening a business firm?
cash a/c dr 50000 bank a/c dr 30000 TO CAPITAL a/c 80000
What is journal entry for cash sales?
like the following: cash in hand (Dr) Sales or Sales Revenues (Cr) & Cost of goods Sold (Dr) inventory (Cr)
What is the difference cash at bank and hand in cash and overdraft?
The difference between Cash on Hand from Cash in Bank is that the cash is on our hand while the other one is that cash is not in our hand but in the bank. Serioulsy, I really dont know. Thank you very much!
What would the journal entry be entitled when merchandise is sold for cash?
Dr.Cash ( with the amount of the sales we made) Cr.Sales. on the other hand. Dr. COGS. ( with the COST amount of this goods) Cr.Invetory
Is cash on hand an asset?
Cash on hand is an asset. It will be included as a current asset and is often called "petty cash"
What does cash in hand is considered to be?
Work done for 'cash in hand' is unrecorded and untaxed by the government.
What is the journal entry of Advance received from debtors?
Debtors are those customers who purchase goods from company on credit so no advance can be issued by debtors. on the other hand advance can be received from customers and accounting entry is as follows: [Debit] Cash / bank [Credit] Unearned revenue
