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What is entry in TALLY for newly bank A/c open for company
at starting of business?
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Answer / kumardeepak.009@gmail.com
Deposit A/c Dr.
To Bank A/c.
The Money Which has beeb paid for Opening A/c is a Deposit
to bank and is compltely Refundable at the time of closing
of A/c. Hence That would be treated as Deopsit
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / amjad faqih
Dear All,
First of all let me explain to all as following.
If company owner have cash & he start new busine
Received cash in company books.
By cash a/c -------- Dr
To Capital a/c ---------Cr
Then deposit cash to in Bank a/c
By Bank a/c -------- Dr
To Cash a/c -----------cr
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / yatendra
the new a/c has been open so it will be the dr but we have
to paas two entry in a/c's,
so dr - will be the bank but cash could not be the cr coz
then we have to show how does that cash come to our hand or
we can say how does petty cash has contributed we have to
show some capital transaction so can plz anyone help
me......
| Is This Answer Correct ? | 2 Yes | 2 No |
Answer / amjad
I agree with Mr. Jyoti and dont agree with Durgaprasad
refere to Jyoti ans no. 7
| Is This Answer Correct ? | 4 Yes | 5 No |
Answer / jyoti
you have start the busness. it means you r amount invest in
busniess,so bank is-----dr.
cash ------cr.
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / subramanian.s.k
The entry will be
Bank a/c Dr
Capital a/c
(Being Cash deposited by (Owners name )
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / sriram
capital a/c ....Dr
To cash a/c .........Cr
(Being start the business)
| Is This Answer Correct ? | 1 Yes | 3 No |
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