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for an inter branch bank transfer (sbi to sbi)what entries
should we pass?

Answers were Sorted based on User's Feedback



for an inter branch bank transfer (sbi to sbi)what entries should we pass?..

Answer / rajib saha

RECEIVING BANK A/C DEBIT
GIVING BANK A/C CREDIT

Is This Answer Correct ?    12 Yes 2 No

for an inter branch bank transfer (sbi to sbi)what entries should we pass?..

Answer / t.nagaraju

Journal Entry (Or)
Contra Entry

In reciver Bank Accounts:
Cash/chq Dr
Giver branch cr

In Tranfer Branch Bank Accounts:
Receiver Bank A/c Dr
Cash/Chq A/c Cr

Is This Answer Correct ?    10 Yes 1 No

for an inter branch bank transfer (sbi to sbi)what entries should we pass?..

Answer / imran

ONLY CONTRA ENTRY

SB A/C DR.
SB A/C CR.

INTERNAL TRANSFER.

Is This Answer Correct ?    9 Yes 1 No

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