How to debit the bank cash book upon withdrawn of cash from the bank

Questions by khajafasiuddin

Showing Answers 1 - 15 of 15 Answers

vishal

  • Jan 4th, 2014
 

Tn this case cash is withdraw from bank, so the entries in account books will be

Dr the receiver - Cash
Cr the giver - Bank

  Was this answer useful?  Yes

Biswajit

  • Jan 31st, 2014
 

In this situation cash a/c is debited and bank a/c is credited and its also a contra entry.

contra entry arise when the transaction between made between cash and bank. So the journal entry is
cash a/c debited because it real a/c what comes in debit
bank a/c credited because its representative personal a/c so credit the giver.

  Was this answer useful?  Yes

arti

  • Jul 30th, 2014
 

Cash A/c- Real A/c- Debit what comes in & credit what goes out.
Cash withdrawn mean cash comes in so it will be debited
Bank A/C- personal A/C - Debit is receiver & Credit is giver
Bank is giver amount so it will be credited

Contra Entry
Dr.Cash A/C
Cr. Bank A/C

  Was this answer useful?  Yes

Give your answer:

If you think the above answer is not correct, Please select a reason and add your answer below.

 

Related Answered Questions

 

Related Open Questions