debit the bank or cash and credit the supplier or the party from whom we received the cheque or cash
debit bank
credit accounts receivable
suman
debit bank 48650debit cash discount 2000Credit porter 50650
cash A/c..................... Dr.. To Party's Name A/c................... Cr..
debit cash receivedcredit accounts receivable
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
Bank a/c ... Dr To cash a/c Cr
suman
debit bank 48650debit cash discount 2000Credit porter 50650
cash A/c..................... Dr.. To Party's Name A/c................... Cr..
debit cash receivedcredit accounts receivable
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
Debit cash / bankCredit owners capital
[Debit] Bank account [Credit] Cash account
Dr cash/bank Cr discount received
Banks have taxes.
[Debit] Cash / bank [Credit] Services revenue
debit cash 12000credit ajay 12000