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What is the journal entry when you make a deposit?

Anonymous

∙ 14y ago

Updated: 9/19/2023

You would debit cash and credit the applicable account. examples:

2000.00 debit. cash and 2000.00 credit accounts receivable for a payment that was received from a customer.

500.00 debit cash and 500.00 credit supplies for overpayment on supplies.

Wiki User

∙ 14y 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 cash deposit for Fixed deposit in bank?

debit bank accountcredit cash / bank

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 the journal entry for deposit for future subscription in stock and withdrawal of this deposits?

When a deposit for a future subscription in stock is made, the journal entry would be a debit to "Cash" and a credit to "Deposits for Future Stock Subscriptions." When the deposit is withdrawn, the entry would involve debiting "Deposits for Future Stock Subscriptions" and crediting "Cash." This reflects the movement of cash and the corresponding reduction in the liability associated with the subscription deposit.

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 journal entry for cash deposit for Fixed deposit in bank?

debit bank accountcredit cash / bank

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

debit deposit for future subscriptioncredit cash / 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

Why do you make journal entry?

why do you make genral entry

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

Matching in accounting means to make an entry in the journal?

Matching" in accounting means to make an entry in the journal

What is the journal entry for deposit for future subscription in stock and withdrawal of this deposits?

When a deposit for a future subscription in stock is made, the journal entry would be a debit to "Cash" and a credit to "Deposits for Future Stock Subscriptions." When the deposit is withdrawn, the entry would involve debiting "Deposits for Future Stock Subscriptions" and crediting "Cash." This reflects the movement of cash and the corresponding reduction in the liability associated with the subscription deposit.

What is the journal entry for accrued for interest on certificate of deposit?

debit interest receivablecredit interest income

What is the journal entry when customer paid deposit for accrued sales?

debit cash / bankcredit accounts receivable

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