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Answer Posted / vijaykant
Conta entry takes place in three occassion
1) when cash is withdrawn from bank
Cash A/C Dr.
To Bank A/c Cr.
2) when cash is deposited in bank &
Bank A/C Dr.
To Cash A/c Cr.
3) branch transfer takes place from one branch to another.
Bank 1 A/c Dr. 20000
TO Bank 2 A/c Cr. 20000
( In this case amount of 20000 is transferred from Bank 2
to Bank 1)
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