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What is the journal entry for cash deposit for Fixed deposit in bank?

Anonymous

∙ 10y ago

Updated: 9/24/2023

debit bank account
credit cash / bank

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∙ 10y ago

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What is the journal entry for deposit to bank account for beginning a business?

Journal entry for opening a bank account

What is the journal entry for deposit for future subscription of stocks?

debit deposit for future subscriptioncredit cash / bank

What is the journal entry when a term deposit is created?

Debit term depositCredit cash / bank

What is a journal entry for opened a bank account and deposit 50000?

Debit bank account 50000Credit cash 50000

Journal entry for the interest on a fixed asset purchase?

Debit fixed assetdebit interest expenseCredit cash /bank

Related Questions

What is the journal entry for deposit to bank account for beginning a business?

Journal entry for opening a bank account

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 deposit for future subscription of stocks?

debit deposit for future subscriptioncredit cash / bank

What is the journal entry when a term deposit is created?

Debit term depositCredit cash / bank

What is journal entry to record certificate of deposit?

debit certificate of depositcredit cash / bank

What is journal entry for cheq deposit?

[Debit] Bank Account [credit] Cash Account

What is a journal entry for opened a bank account and deposit 50000?

Debit bank account 50000Credit cash 50000

Journal entry for the interest on a fixed asset purchase?

Debit fixed assetdebit interest expenseCredit cash /bank

What is the journal entry of asset acquisition in ledger accounts?

debit fixed assetcredit cash / bank

What is the journal entry for booking a car purchase?

Credit Bank or Accounts Payable, Debit Fixed Assets.

How do you write letter for bank fixed deposit?

I want letter for bank fixed deposit

How do you post a fixed deposit in the ledger when it has matured?

When a fixed deposit matures, you need to transfer the amount from the fixed deposit account to the appropriate asset or cash account in the ledger. Record a journal entry debiting the cash or bank account for the total maturity amount and crediting the fixed deposit account to reflect its closure. Additionally, any interest earned should be recorded as income in the profit and loss account. Ensure that all transactions are supported by appropriate documentation for auditing purposes.

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