for an inter branch bank transfer (sbi to sbi)what entries should we pass?

for an inter branch bank transfer (sbi to sbi)what entries
should we pass?

Question Posted / sreedhar

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for an inter branch bank transfer (sbi to sbi)what entries should we pass?..

Answer / rajib saha

RECEIVING BANK A/C DEBIT
GIVING BANK A/C CREDIT

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12 Yes

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for an inter branch bank transfer (sbi to sbi)what entries should we pass?..

Answer / t.nagaraju

Journal Entry (Or)
Contra Entry

In reciver Bank Accounts:
Cash/chq Dr
Giver branch cr

In Tranfer Branch Bank Accounts:
Receiver Bank A/c Dr
Cash/Chq A/c Cr

Is This Answer Correct ?

10 Yes

1 No

for an inter branch bank transfer (sbi to sbi)what entries should we pass?..

Answer / imran

ONLY CONTRA ENTRY

SB A/C DR.
SB A/C CR.

INTERNAL TRANSFER.

Is This Answer Correct ?

9 Yes

1 No

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