Ye kaise kiya jata hai
Ye bata do
Solution:
This kind of entry are contra entry.Contra entry means same entry has two effects, one effect is on bank account and second effect is on cash account
As in this entry, if the balance in the cash column is rs 50,000 then keep rs 7000 in the cash column and remaining amount is deposited in bank column. I.e. Rs 43,000.
In the debit side of bank column (To cash A/c) Rs 43,000
in the credit side of cash column (by bank A/c) rs 43,000
Note: Above amount is imaginary only. You have to solve the question and find out the exact amount which is deposited in the bank .
This kind of entry are contra entry.Contra entry means same entry has two effects, one effect is on bank account and second effect is on cash account
As in this entry, if the balance in the cash column is rs 50,000 then keep rs 7000 in the cash column and remaining amount is deposited in bank column. I.e. Rs 43,000.
In the debit side of bank column (To cash A/c) Rs 43,000
in the credit side of cash column (by bank A/c) rs 43,000
Note: Above amount is imaginary only. You have to solve the question and find out the exact amount which is deposited in the bank .