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What entry will be posted when you deposit cash in the bank?

Order to Cash Accounting Data Entry
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Question added by zamir ulhaq , travel & tours as an account assistant , Rabbou International
Date Posted: 2014/05/31
Upvote (1) Views (23) Followers (6) Answers (7) Report Question
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Muhammad Fahad Chughtai
by Muhammad Fahad Chughtai , Management Accountant , Middle East Switchgear Ind. Ltd.

Dr.Bank Account

 

Cr. Where this cash is coming from. If from company cash, Cr. Cash. If from a customer Cr. Receivables. etc.

Muhammad Jahanzaib Khan
by Muhammad Jahanzaib Khan , Accountant , Mairaj Uddin Traders

Bank Debit

A/R Credit

abdul salam
by abdul salam , Data Entry Operator , NADRA Pakistan

its call credit in account 

Maria Lourdes Aballe
by Maria Lourdes Aballe , Senior Finance Analyst , CGI Philippines

If your transaction is to place your cash on hand to your company's bank account, the entry should be: Dr. Cash in Bank Cr. Cash on hand While, there should be an entry upon receiving this cash: e.g. Dr. Cash on hand Cr.Accounts Receivable :)

Anas Abu Rayya
by Anas Abu Rayya , Financial accountant , Palestinian Banking Corporation

Dr. Bank

Cr. what ever account it comes from

Saifullah Farooqui
by Saifullah Farooqui , Senior Tax Accountant , AMS Supplies

deposit cash in the bank. bank credit

Deleted user

as per below guys answers Dr. Bank Account & Cr. Cash

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