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Is Cash in the bank is a permanent account?

Anonymous

∙ 13y ago

Updated: 9/18/2023

yes

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∙ 13y ago

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Is cash account temporary account?

No cash account is a permanent account. as u treated cash as a debit element in General journal against of Capital. Capital is a permanent account so cash too.

What is the journal entry for cash withdraw?

You write a cash withdrawal as follows: debit cash ; credit bank.

Cash withdrawn from bank what is the journal entry?

[Debit] Cash account xxxx [Credit] Bank account xxxx

What is the journal entry for cash withdrawn from bank?

[Debit] Cash account xxxx [Credit] Bank account xxxx

What is the cash account in a company's ledger?

The cash account in the company's ledger is Bank.

Related Questions

What are the examples of contra voucher?

# Cash account to Bank account # Bank account to Cash account # Bank account to Bank account

Is cash account temporary account?

No cash account is a permanent account. as u treated cash as a debit element in General journal against of Capital. Capital is a permanent account so cash too.

What is the general journal entry for cash deposited to bank?

Debit Bank account Credit Cash account

What is the journal entry for cash withdraw?

You write a cash withdrawal as follows: debit cash ; credit bank.

Cash withdrawn from bank what is the journal entry?

[Debit] Cash account xxxx [Credit] Bank account xxxx

What is the journal entry for cash withdrawn from bank?

[Debit] Cash account xxxx [Credit] Bank account xxxx

Can an F1 student deposit cash into their bank account?

Yes, an F1 student can deposit cash into their bank account.

What is the cash account in a company's ledger?

The cash account in the company's ledger is Bank.

Can I cash a check at this bank?

Yes, you can cash a check at this bank if you have an account with them or if the check is drawn from their bank.

How will this entry in three column cash book cash at bank?

Cash deposited will be shown in cash column while bank account will be debited to bank account and balance in bank column of cash book while as this is contra entry "C" will be shown in third column for both cash and bank.

What is the general journal entry for cash deposit?

Cash deposit to bank has contra entry as follows: [Debit] Bank account [Credit] Cash account

What is the journal entry for cash withdrawals from bank?

1. [Debit] Cash account xxxx [Credit] Bank account xxxx

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