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excess cash withdraw from bank for staff salary than remain amount deposited into bank., what will be journal entries for above transactions
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Answer Posted / gaurav
Dr. Cash A/C -XXXXX
Cr. Bank A/C -xxxxx
(Being cash withdrawal Ch.no xxx dtd xxx for staff salary)
Excess cash Amount
Dr .Bank A/C/Petty Cash -XXX
Cr. Cash XXX
(being excess cash deposited to bank or transferred to petty cash if approved by manager)
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