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Deposited with bank journal entries


User Nanne
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1 Answer

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Answer:

debiting the bank account and crediting the cash account.

Step-by-step explanation:

Conclusion. A cash deposit into a bank journal entry is a contra entry, and it's a contra account because this transaction does not affect the business operations. After all, the net effect is zero. We can record the transaction by debiting the bank account and crediting the cash account.

User Per Arneng
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