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Subjects>Business>Accounting

What is the journal entry for fund transferring from one bank to another bank?

Updated: 9/19/2023

Wiki User

∙ 9y ago

Best Answer

Debit transfer bank
Credit transferee bank

Wiki User

∙ 9y ago

This answer is:

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Wiki User

∙ 11y ago

receiving bank dr

TO sendind bank

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Continue Learning about Accounting

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[Debit] Bank account [Credit] Cash account

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What is the journal entry for cheque of another bank deposited to bank?

[Debit] Bank account [Credit] Cash account

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