Suppose we deposited 50000 Cash in Bank
Entry is
Bank Dr 50000
To Cash 50000
Suppose we deposited 50000 Cheque in Bank of ABC
Entry is
Bank Dr 50000
To ABC 50000
Suppose ABC deposited 50000 in our Bank
Entry is again
Bank Dr 50000
To ABC 50000
Suppose we make payment from Bank to XYZ
Entry is
XYZ Dr
To Bank
Written on Dec. 1, 2016, 6:16 p.m.