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The journal entry would be:

Bank A/c Dr

To Cash A/c

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โˆ™ 2009-12-30 11:13:12
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โˆ™ 2014-12-21 14:03:08

debit bank
credit cash

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pburim17

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โˆ™ 2023-01-29 09:22:14

The journal entry for cash deposited to a bank would typically be:

Debit: Cash (increase in assets)

Credit: Bank (increase in liabilities)

This is because depositing cash into a bank account increases the assets of the business (cash) and also increases the liabilities of the business (the bank account balance).

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Atsede Tsigabu

Lvl 5
โˆ™ 2022-10-20 05:14:23

Cash at bank will be debited and cash will be credited.

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Q: What is the journal entry for cash deposited to bank?
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