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In our company we are making payment through X bank and again we opened a new account in Y bank and we deposited cash in this bank rs.10000.and cash is used from X bank. then what will be the entry & how to adjust with old bank

Question Posted / rohankadam


In our company we are making payment through X bank and again we opened a new account in Y bank and ..

Answer / ali

Bank Y debit Rs. 10,000
Bank X credit Rs. 10,000

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