What is entry in TALLY for newly bank A/c open for company
at starting of business?

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What is entry in TALLY for newly bank A/c open for company at starting of business?..

Answer / kumardeepak.009@gmail.com

Deposit A/c Dr.
To Bank A/c.
The Money Which has beeb paid for Opening A/c is a Deposit
to bank and is compltely Refundable at the time of closing
of A/c. Hence That would be treated as Deopsit

Is This Answer Correct ?    3 Yes 1 No

What is entry in TALLY for newly bank A/c open for company at starting of business?..

Answer / amjad faqih

Dear All,
First of all let me explain to all as following.

If company owner have cash & he start new busine

Received cash in company books.

By cash a/c -------- Dr
To Capital a/c ---------Cr

Then deposit cash to in Bank a/c

By Bank a/c -------- Dr
To Cash a/c -----------cr

Is This Answer Correct ?    2 Yes 0 No

What is entry in TALLY for newly bank A/c open for company at starting of business?..

Answer / yatendra

the new a/c has been open so it will be the dr but we have
to paas two entry in a/c's,
so dr - will be the bank but cash could not be the cr coz
then we have to show how does that cash come to our hand or
we can say how does petty cash has contributed we have to
show some capital transaction so can plz anyone help
me......

Is This Answer Correct ?    2 Yes 2 No

What is entry in TALLY for newly bank A/c open for company at starting of business?..

Answer / rohit

Capital a/c Dr
To Bank a/c

Is This Answer Correct ?    1 Yes 1 No

What is entry in TALLY for newly bank A/c open for company at starting of business?..

Answer / tally proffessor

Bank A/c dr
to Cash/Bank A/c

Is This Answer Correct ?    0 Yes 0 No

What is entry in TALLY for newly bank A/c open for company at starting of business?..

Answer / amjad

I agree with Mr. Jyoti and dont agree with Durgaprasad
refere to Jyoti ans no. 7

Is This Answer Correct ?    4 Yes 5 No

What is entry in TALLY for newly bank A/c open for company at starting of business?..

Answer / jyoti

you have start the busness. it means you r amount invest in
busniess,so bank is-----dr.
cash ------cr.

Is This Answer Correct ?    0 Yes 1 No

What is entry in TALLY for newly bank A/c open for company at starting of business?..

Answer / subramanian.s.k

The entry will be
Bank a/c Dr
Capital a/c
(Being Cash deposited by (Owners name )

Is This Answer Correct ?    0 Yes 1 No

What is entry in TALLY for newly bank A/c open for company at starting of business?..

Answer / atul tailor

Bank a/c dr

capital a/c

Is This Answer Correct ?    0 Yes 1 No

What is entry in TALLY for newly bank A/c open for company at starting of business?..

Answer / sriram

capital a/c ....Dr
To cash a/c .........Cr
(Being start the business)

Is This Answer Correct ?    1 Yes 3 No

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