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for an inter branch bank transfer (sbi to sbi)what entries
should we pass?
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Answer / rajib saha
RECEIVING BANK A/C DEBIT
GIVING BANK A/C CREDIT
| Is This Answer Correct ? | 12 Yes | 2 No |
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 |
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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