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Ramana deposited directly in our Andhra Bank towards
deposit for DealershipRs 15000/-Pass entry

Answer Posted / suresh vadivel

Double Entry:

1. Ramana A/c. Dr. 15,000/-
To Dealerships A/c. 15000/-
( Being Income Booked)

2 Andra Bank Account Dr. 15,000/-
To Ramana Account 15,000/-
(Being cash deposited to andra bank )

or

Single Entry:

Andra Bank Account Dr. 15,000/-
To Dealership Account 15,000/-
( Being income directly booked)

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