answersLogoWhite

0


Best Answer

The journal entry would be:

Bank A/c Dr

To Cash A/c

User Avatar

Wiki User

2009-12-30 11:13:12
This answer is:
User Avatar
Study guides

What is the body of law that governs the availability and use of federal funds

Who has the final word on how much money can be spent by a given agency or program under the separation of powers doctrine

How do you spell commitments

Which stage of disbursement accounting is also known as the accounts payable stage

➡️
See all cards
3.84
56 Reviews
More answers
User Avatar

Wiki User

2014-12-21 14:03:08

debit bank
credit cash

This answer is:
User Avatar

User Avatar

pburim17

Lvl 5
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).

Read here ... 𝐡𝐭𝐭𝐩𝐬://𝐰𝐰𝐰.𝐝𝐢𝐠𝐢𝐬𝐭𝐨𝐫𝐞𝟐𝟒.𝐜𝐨𝐦/𝐫𝐞𝐝𝐢𝐫/𝟑𝟎𝟕𝟑𝟒𝟖/𝐀𝐫𝐬𝐞𝐧𝐚𝐥𝟎𝟐𝟖/

This answer is:
User Avatar

User Avatar

Atsede Tsigabu

Lvl 5
2022-10-20 05:14:23

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

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the journal entry for cash deposited to bank?
Write your answer...
Submit
Still have questions?
magnify glass
imp
People also asked