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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:

  1. 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.

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