sayad (Executive) (203 Points)
04 March 2022HI CAN SOMEONE HELP ME WITH ACCOUNT ENTRY FOR OVER DRAFT AND CASH CREDIT IN COMPANY
IF THE ENTRY FOR OD AND CASH CRDEIT IS BANK ACCOUNT DEBIT TO OVER DRAFT OR CASH CREDIT ACCOUNT CREDIT ( OPENING BALANCE ACCOUNT )
WHAT WILL BE JOURNAL ENTRY FOR MAKING PAYMENT TO SUPPLIERS AND CASH DEPOSIT TO OVERDRAFT AND CC ACCOUNT
AND ALSO INTERST CHARGED BY THE BANK AND PAID
prasad Nilugal
( GST Practitioner & Accounts )
(14801 Points)
Replied 05 March 2022
sayad
(Executive)
(203 Points)
Replied 12 March 2022
If we credit bank cc account then what we will have to debit
CA Puja Sharma
(Chartered Accountant)
(5010 Points)
Replied 12 March 2022
In case of cash deposit:
CC A/c Dr.
To Cash A/c
In case of payment to supplier:
Supplier A/c Dr.
To CC A/c
CAclubindia
