Answer / lakshmi

cash A/c Dr
To bank A/c

Answer / bal reddy

cash A/C...Dr
To party a/c

Answer / megharaaj

If it is a cash receipt, we have to pass receipt entry,
crediting party of payee, and debit cash book

Answer / sameerkhan

cash A/c Dr
To bank A/c

Answer / pravin.kamble425@gmail.com

We must determine the question asked, it is clearely asked
that what is the entry for Cash received. In business point
of view the first way when we received the cash either
selling some goods or servies to the customer, then other
ways can be, 1) borrowed from bank, 2)Borrowed from
Partner, etc.
So I believe the entry should be for first way of receiving
cash is..

Cash A/c ......................Dr.
To Goods sold / Party A/C .....Cr.

Since Cash is the real a/c, so real a/c rule is debit what
comes in & credit what goes out. So according to this rule
the above entry should be passed. So in this way we must
debit the cash a/c when we actually receive the cash &
credit to next concern a/c for which transaction you
received the cash.

Answer / mukesh kumar

this is not a journal entry we pass receipt entry for cash
receiving, & the entry make:

Cash A/c Dr.
To Party / sale / bank ...A/c

Answer / vamsi

cash a/c DR
TO x a/c
(being ........)

Answer / rabindra nayak

This is not entered by journal
because Cash Or Bank are not involve in journal entries
so this transaction will entered By receipt Voucher

Cash A/c xxx Dr
Party/Bank xxx Cr

Answer / sohail mushtaq

cash a/c (Dr)
account receivable

Answer / shalaka chavan

Cash A/C xxx Dr.
Party A/C xxx Cr.

hi ,i need some suggestion,comptd my graduation in 2012,but i wasted my time for 6 month,just i want 2 escape from this question,what u did for 6 months,how can i give proper anser to them?pls suggest me

0 Answers   Bank Of America, Genpact,

sold merchandise at rs 11,000 price and received in cash 9,000 what will be the journal entry

2 Answers  

Tell me what does the investment of personal assets by the owner will do?

0 Answers  

Please explain what do you do to increase revenues? What are your tactics, techniques, and sales methods?

0 Answers  

What is marginal costing?

3 Answers   Capital IQ,

salary is paid to a person A wrongly twice a month and after detecting the mistake the salary is paid to the right person B.write the journal entry for the two sequences.

4 Answers   Siemens,

Do you know any other accounting application?

0 Answers  

what are the processes of account reconcillation

0 Answers  

how to reverse the receipt cash entry & contra is also passed for it in tally erp 9

1 Answers  

In which account does the unpresented cheque will get recorded?

0 Answers  

hi...this is chaitanya fresh bcom computer graduate i need job in finance feild will i get in genpact, deloitte, bank of america, or any other mnc...?

0 Answers  

When a business man take his net profit from his firm, how will make the entry in cash book?

3 Answers