When you deposit money into a bank account, it is considered a credit transaction. This is because you are increasing the balance in your account, which is a credit to your account. From the bank's perspective, they are also increasing their liabilities by owing you that money, which is recorded as a credit on their books.
DR. Bank (specifying the bank account name) CR. Cheques Under Collection
cash A/c..................... Dr.. To Party's Name A/c................... Cr..
Dr. Interest Receivable Cr. Interest Income When Collected. Dr. Cash in Bank Cr. Interest Receivable
debit accounts payablecredit cash / bank
Dr. Interest Receivable Cr. Interest Income When Collected. Dr. Cash in Bank Cr. Interest Receivable
DR. Bank (specifying the bank account name) CR. Cheques Under Collection
Cr stands for "Credit" It refers to a transaction in which money was credited or deposited into a bank account thereby increasing the bank balance of that account. Similarly the debit or withdrawal transactions are marked a "Dr" in the ATM machine statement
cash A/c..................... Dr.. To Party's Name A/c................... Cr..
Dr Cash Cr Bank Over Draft
You have Rs. 179 in your bank account as withdrawable balance. The 100 DR is a transaction which says that you took out 100 rupees from your account. The last lime which says 179 CR refers to the current amount of money you have in your account which you can withdraw.
Dr. Interest Receivable Cr. Interest Income When Collected. Dr. Cash in Bank Cr. Interest Receivable
Contra voucher is use to cash or bank entries. where dr or cr is cash or bank.
ABC A/c Dr. 20000.00To Bank A/c Cr. 20000.00
capital A/C Dr To Bank A/c Cr
debit accounts payablecredit cash / bank
Dr. Interest Receivable Cr. Interest Income When Collected. Dr. Cash in Bank Cr. Interest Receivable
dr fixed asset cr bank