if i am incorporating a private company which is unlisted and my share capital will be 10lakh so am i suppose to deposite 10lakh rupees in bank account??
Dear
Experts
Q.Directaly Cash Deposit into Company a/c by customer.(e.g.5000/-)
As a Cashier what will do
1. Issue bank receipt-
customer a/c cr 5000/-
Bank a/c dr 5000/-
2 OR
Issue Cash Receipt-
Customer a/c cr5000/-
cash a/c dr5000/-
&
(CONTRA)CASH A/C CR 5000/-
BANK A/C DR 5000/-
What will best treatment as per accounting system.
Regds
AJIT
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