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what is the entry for cash received and after deposited in
to the bank

Answer Posted / lokesh khintolia

First Part - Cash Received

Cash A/c Dr. 100.00
To X 100.00

Second Part - Cash Deposit into Bank ( Contra Entry )

Bank A/c Dr. 100.00
To Cash 100.00

Is This Answer Correct ?    46 Yes 5 No



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