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opened a bank account and deposited …

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opened a bank account and deposited rupees 75000. What will be the entry of this transaction in a single column cash book?and also give reason.

    • Posted by Prabhakar Rai 7 years, 6 months ago

    CBSE > Class 11 > Accountancy
    • 4 answers

    Prabhakar Rai 7 years, 6 months ago

    It will be posted into credit and entry will be by bank a/c

    1Thank You

    Shivani Rathore 7 years, 6 months ago

    This entry called contra entry so it recorded both side

    0Thank You

    Yash Sharma 7 years, 6 months ago

    Because there is no bank column in single column cash book So transaction will be credited in cash account

    1Thank You

    Yash Sharma 7 years, 6 months ago

    Cash A/c will be credited by 75000

    1Thank You

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