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Cash you have deposited into a bank is credit
Money to be paid back later is debit
Wiki User
∙ 14y ago
Anonymous
Listen its Debit. To be simple if you asking in accounting if cash in bank will have a debit or credit balance in the adjusted trail balance then its Debit.
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What is the journal entry for 'Received Fee Income in cash'?
[Debit] Cash / bank [Credit] Fee income
What are some journal entries?
Example of journal entries are as follows: 1 - Start of business [Debit] Cash /bank / goods [Credit] owners equity 2 - Purchase of asset [Debit] Asset account [Credit] Cash / bank 3 - Increase of capital [Debit] Cash / bank [Credit] Owners equity 4 - Decrease in capital [Debit] Treasury Stock [Credit] Cash / bank
What is the double entry for carriage inwards?
Debit Carriage inward expenseCredit Bank (if paid in cash/bank)orCredit Accounts Payable (if accrual)
What entry of outstanding salary paid?
[Debit] Accrued salary payable [Credit] Cash / bank
What is is the journal entry for cash in hand?
debit cash credit bank
Is cash in bank debit or credit?
Debit
Cash sales of 2600 was credited into the bank?
[Debit] cash 2600 Credit sales 2600 Deposited to bank Debit Bank 2600 Credit Cash 2600
What is the journal entry for 'Received Fee Income in cash'?
[Debit] Cash / bank [Credit] Fee income
What are some journal entries?
Example of journal entries are as follows: 1 - Start of business [Debit] Cash /bank / goods [Credit] owners equity 2 - Purchase of asset [Debit] Asset account [Credit] Cash / bank 3 - Increase of capital [Debit] Cash / bank [Credit] Owners equity 4 - Decrease in capital [Debit] Treasury Stock [Credit] Cash / bank
What is the double entry for sale?
Cash/Bank/Accounts Receivable [Debit] Sales[Credit]
What is the double entry for carriage inwards?
Debit Carriage inward expenseCredit Bank (if paid in cash/bank)orCredit Accounts Payable (if accrual)
What is the journal entry for Payment to builders for new building?
[Debit] Building account [Credit] Cash / bank
What entry of outstanding salary paid?
[Debit] Accrued salary payable [Credit] Cash / bank
What is is the journal entry for cash in hand?
debit cash credit bank
How do you account cash sales return?
[Debit] Sales return [Credit] Cash /bank [Debit] Sales [Credit] Sales return
What is the journal entry for cash withdraw?
You write a cash withdrawal as follows: debit cash ; credit bank.
Is the entry to establish a petty cash account a debit to petty cash and credit to cash?
yes. the entry should be: petty cash fund debit cash in bank credit
