How to record cash sales immediately deposited at bank ​

Answers

Answer 1

Explanation:

What is the journal entry for cash sales deposited to bank?

The transaction can be treated in two ways depending on its condition

1 if the cash proceeds received before deposited to the bank

Debit Cash Account and credit sales Account

Debit Bank Account and Credit Cash Account

2 if the proceeds is deposited directly to the bank

Debit Bank Account and Credit Sales Account

the 2nd method will hold since the money is directly paid to the Bank and the cash account is not in any means affected

If u sale goods on cash & if u deposited cash on bank on the same day.. Then u can simply pass following journal entry:

Bank A/c Dr.

To sales A/c

If u deposit cash on another day of sale made then u have to pass to entries

1 Sale made,

Cash A/c Dr

To sale A/c

2 cash deposited into bank.

Bank A/c Dr.

To cash A/c

Two journal entries here -

Journal 1 - Debit Undeposited Funds (or Cash Received if you have an Asset account set up under this kind of name)/Credit Income Account (whatever your Income account is in your chart) - this highlights that you have sold something and the buyer has paid you cash for it (which is currently “sitting in your pocket” so to speak).

Journal 2 - Credit Undeposited Funds (or Cash Received)/Debit Bank Account - this highlights that you have taken the cash “out of your pocket” and put it in to your bank account.

I hope this helps.

What is the journal entry for cash sales of Rs. 15,000 which Rs. 12,000 was deposited in the bank the next day?

If there is a transaction (cash sales and received a ₹1000 cheque for it), what will be the entry in the cash book? Why?

I deposited Rs. 5000 in a bank. What is a journal entry?

The entry for cash sales will be: Cash a/c Dr. and sales a/c Cr.

The entry for cash deposit into bank will be: Bank a/c Dr. and Cash a/c Cr.

First of all, you are talking about a regular transaction, not a journal entry. Journal entries are more like accruals, depreciation, corrections, etc.

The entry is as follows:

Debit Cash $500

Credit Sales $500

To record cash sales.

There are 2 transactions here

On selling/ receiving the cash:

Dr. Cash account ledger

Cr. Sales account ledger

2. On banking the cash:

Dr. Bank account ledger

Cr. Cash account ledger

Generally, cash would be debited, and if something is sold on credit, a receivable would be credited. Cash sales would debit cash, and credit sales.

while it is dangerous in term of internal control receiving payment in cash. but the journal should be

Db cash

CR account receivable

then transfer to bank

Db bank

Cr cash

Answer 2

Answer:

recording contract it was the deposited amount is right in the Bank COLUMS on debit side and cash column on credit side the withdrawn amount is written in the cash volume on debit side and Bank volume on credit side to water the contra entry is made only when the cash is withdrawal for business use

HELLO

this is your answer I hope it is helpful please mark me brainly


Related Questions

Define the term erosion, and provide one example of how it can be both helpful and harmful.

Answers

Erosion is the process of removing rocks soil or other dissolved material and it transporting to another location.
It can be harmful because it can damage places people live pollute the water and effect wildlife but it can be helpful because some unwanted materials can be taken and carried into runoff

Define social change.​

Answers

Answer:

Answer is below

Explanation:

Social change involves alteration of the social order of a society. It may include changes in social institutions, social behaviours or social relations.

Answer:

Look below ;]

Explanation:

Social change refers to the transformation of culture, behavior, social institutions, and social structure over time.

-https://open.lib.umn.edu/sociology/chapter/20-1-understanding-social-change/#:~:text=Social%20change%20refers%20to%20the,agricultural%2C%20industrial%2C%20and%20postindustrial.

PLS help
2 items that were not produced during WW II due to necessity?​

Answers

Answer:

World War II put a heavy burden on US supplies of basic materials like food, shoes, ... babies, which had to be turned in along with money to purchase goods made with ... Tires were the first product to be rationed,

Select the correct answer.
George works in a factory and is a member of the labor union. He thinks his wages are low for the work that he does, so he tells the union representative that his employer should increase his wages. The representative asks the other workers if they feel the same, and they all agree. The following week, the union representative met with the factory owner regarding an increase in wages, and the employer agreed to it. What strategy did the union use to get the owner to agree to increase wages?

A.
individual bargaining
B.
threaten to go on a strike
C.
collective bargaining
D.
threaten to quit their jobs
E.
filing a petition to the government

Answers

Answer:

Among the options given on the question the correct answer is option C.

Collective bargaining.

Explanation: On the passage there is description of the demand of a worker to raise the wage. George thought that he need a rise in his salary. So he talked to the workers union representatives about increasing the salary. The union representative asks the other workers to know their consent. Here, George did not go to the employer by himself. he went through the union. Another point is that, the union representative also heard about the consent or feeling of the other workers.

After all of them being agreed, the union representative met the owner of the factory and asked the owner to increase the wage. The owner also agreed to the union representative. Because it was the demand of all of the workers. Therefore, it was a collective bargain for the union representative to the factory owner.

Brainly would be appreciated! <3 Tysm!

C) collective bargaining.

By process of elimination. It is not individual bargaining but rather a group. The government was not involved. No evidence of threat in the given text.

Which of the following children is most likely to engage in more extended peer exchanges and display more socially competent behavior during the preschool years? a. Eric, who was raised in an authoritarian environment b. Sebastian, who was raised in a permissive environment c. Melody, who was adopted from a Romanian orphanage d. Ariel, who was raised in a warm, supportive environment

Answers

Answer:

Ariel, who was raised in a warm, supportive environment

Explanation:

socialization

This is simply defined as the process by which individuals acquire the knowledge, skills, and character traits that helps  them to participate as effective members of groups and society.

The environment a child is brought up with have a way of influencing how the child socialize with others. A warm, supportive environment will make the child to be open to others and not be shy. While a harsh environment or home will make the child to be withdrawn from others.

Machine learning​ systems: A. use machines to master a body of knowledge. B. find patterns in large data sets. C. are currently not useful for organizations. D. simulate the neurons in human brains to find patterns. E. rely on expert systems to identify learning objectives.

Answers

Answer:

B) find patterns in large data sets.

Explanation:

Machine learning can be regarded as

an application of artificial intelligence (AI) which gives a systems the capability/ability to learn automatically and improve base on experience without being explicitly programmed.

Machine learning has its focus on development of programs of computer which is capable of accessing data and also make use of it to learn for themselves. It should be noted that Machine learning​ systems find patterns in large data sets.

Simple Definition for Government

Answers

Answer:

A government is the system to govern a state or community. ... The Columbia Encyclopedia defines government as "a system of social control under which the right to make laws, and the right to enforce them, is vested in a particular group in society".

A government is the system or group of people who govern an organized community, often a state, but also other entities,for example, a company. In the case of its broad associative definition, the government is normally composed of the legislative, executive and judicial branches.

Hope This Helps You ❤️

write a short paragraph about the importance of heat light and sound in our everyday life.​

Answers

Answer:

Energy is important in everyday life. Light, sound, and heat are forms of energy. Energy can move from one object or material to another object or material. Sounds are vibrations that we can hear and sometimes see and feel.

Reflecting the gender stereotypes of his age group, 4-year-old Youssef is likely to say that:__________
A) it is OK for boys to dress up in skirts or jewelry.
B) girls cannot be doctors or police officers.
C) girls can grow up to be anything they want to be.
D) it is OK if boys want to play with dolls.

Answers

Answer:

Girls can not be doctors or police officers

Explanation:

In the United States, what does the general level of a family’s income have to do with the amount of cash the family is likely to hold? The lower the real income, the more cash the family will hold. The two factors are not related to each other. The higher the real income, the more cash the family will hold. The higher the real income, the less cash the family will hold.

Answers

The correct answer is C. The higher the real income, the more cash the family will hold.

Explanation

The income of a family is the amount of money that the family earns, who are usually the parents. The income allows parents to acquire goods such as a house, cars, motorcycles, food, home appliances, among others. Therefore, the more income a family has, the greater will be its ability to purchase goods and services. Therefore, the correct answer is C. The higher the real income, the more cash the family will hold.

Writclourdate.)
को लागि कति पंजी आवश्यक प (Movie
capital is needed for large industry?)
(When I Nepal establish diplomatic relation with
India?
समुह 'ख' (Group B)
पेटो उत्तर पाउने प्रश्नहरू
(Short Answer Questions:)
[10X4=40
8. सामाजिकीकरण एक जीवन्त लामो
जीवन्त लामो प्रक्रिया हो ।
उदाहरणसहित व्याख्या गर्नुहोस् । ("Socialization is a life
long process". Justify the statement with example.)
5. भौतिक पूर्वाधार र परिवहन मन्त्रालयको योजना तथा निर्माण
faतपाईको समदायको विकाससँग सम्बन्धित समस्याका​

Answers

Answer:

Explanation:

Hope this helps u!!

who is Napoleon Bonaparte

Answers

Answer:  Napoléon Bonaparte was a French military and political leader who rose to prominence during the French Revolution and led several successful campaigns during the Revolutionary Wars. He was the de facto leader of the French Republic as First Consul from 1799 to 1804.

Answer:

➣Napoleon Bonaparte was a French military and political leader. He rose to prominence during the French Revolution and led several successful campaigns. As Napoleon I, he was Emperor of the French from 1804 until 1814 and again in 1815. He remains one of the most celebrated and controversial political figures in human history. His wars and campaigns are studied at military schools worldwide.

≿━━━━༺❀༻━━━━≾

hope it helps...

have a great day!!


Which of these countries have NOT made national plastic bag regulations?
Kenya
Rwanda
China
USA

Answers

USA , is the answer .

The country has NOT made national plastic bag regulations in USA. Thus the correct answer is D.

What is the harmful effect of plastic bags?

The use of plastic material will result in pollution and degrade the quality of soil and water. When these plastic materials are thrown into water it is consumed by marine organisms, which results in a large no. of death of marine species and disturbs the ecosystem.

Plastic bags are considered as costly to recycle as they require processing with machines and equipment they do not get processed naturally like other reusable sources.

If these plastic materials get decomposed it affects the soil quality and if they are exposed to fire for burning it releases toxic materials or smoke which is harmful to the environment and the living organisms.

The USA and Australia are the only countries that do not make regulations on plastic bags to stop their usage or methods for reusing.

Therefore, option D USA is appropriate.

Learn more about Plastic bags, here:

https://brainly.com/question/14920868

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During the Great Depression, thousands of people changed social class unexpectedly, usually in a downward spiral. This event was the impetus for a type of social mobility called _______ mobility.

Answers

Answer:

Structural mobility

Explanation:

In simple words, Whenever societal developments allow a large number of individuals to migrate upward or bottom the economic class hierarchy, this is known as structural movement. Individual improvements are not responsible for structural mobility; rather, it is due to developments in community as a whole.

Thus, from the above we can conclude that the correct answer is structural mobility.

Can someone help me! I don't know which places people can visit.... Question: List FIVE activities or things tourists could do in your city. Keep in mind the climate/weather/seasons of the city and choose appropriate tourist attractions.


My city: London, England

Climate: Marine West Coast

Website I'm trying to use: https://www.climatetypesforkids.com/marine-west-coast-climate

Answers

Answer:

OK try it then tell me effect of using it

Discuss 3 roles of Education within critical pedagogy framework​

Answers

Answer:

Critical pedagogy is a teaching philosophy that invites educators to encourage students to critique structures of power and oppression. ... In critical pedagogy, a teacher uses his or her own enlightenment to encourage students to question and challenge inequalities that exist in families, schools, and societies.

Explanation:

According to Regan, we must: Group of answer choices abolish all medical research because it necessarily treats subjects as mere means to an end abolish all practices that limit the freedom of non-human animals abolish all medical research that inflicts pain on non-human animals abolish any medical research that treats subjects as mere means to an end

Answers

Answer:

we must abolish all medical research that inflicts pain on non-human animals.

Explanation:

In his book Case for Animals Liberation, Tom Regan contends that any systemic oppression of creatures is ethically reprehensible. Animals are used for feeding, killing, traps, testing, teaching, and investigation, according to Regan. Humans as well as nonhumans, according to Regan, are both constituents of life with equal intrinsic value.

He thinks that humans as well as nonhumans must be respected similarly but without distinction, and that nonhumans should not be subjected to any societal practises that damage or injure them.

1. How do geography, climate and natural resources affect the way people live and work? * NO LINKS

Answers

Answer:

I HOPE THIS HELPS!

Explanation:

GEOGRAPHY :

Geography can affect people by the way the government makes laws and what the place looks like . Geography affects lots of people .

CLIMATE :

Climate can affect people tremendously, people tend to go to places with warmer climate then a place with a colder or hotter climate .

NATURAL RESOURCE :

Natural resource can push people towards a place or pull people away from a place . For example, if a country has lots of fresh water around people tend to move to that country then with a country with no available fresh water.  

So this all factors do affect the way people live and work .

Find sentences in which the speaker uses ethical appeals by describing himself favorably and claiming to possess virtues that - considering the nature of his proposal he could not possibly have.

Answers

Answer:haha

Explanation:

what's the answer please tell me​

Answers

Answer:

k

Explanation:

ok I'll tell you

why it is important to evaluate impact assessment studies before any
development could be made on the environment?​

Answers

Answer:

Environmental Impact Assessment

It aims to predict environmental impacts at an early stage in project planning and design, find ways and means to reduce adverse impacts, shape projects to suit the local environment and present the predictions and options to decision-makers.

Which best describes the difference between economic and social policies? Economic policies control the supply of money, while social policies manage spending. Economic policies address educational issues, while social policies regulate businesses. Economic policies fund public schools, while social policies provide Social Security. Economic policies manage taxes, while social policies provide public assistance.

Answers

Answer:

Economic policies control the supply of money, while social policies manage spending.

Explanation:

Answer:

D

Explanation:

Economic policies manage taxes, while social policies provide public assistance.

what's the important of philosophy

Answers

Answer:

it helps us in to enhance our ability to solve problem our communication skills and writing skilks

Answer:

The study of philosophy helps us to enhance our ability to solve problems, our communication skills, our persuasive powers and our writing skills.

Explanation:

HOPE IT HELPS

According to the text, which type of cry is not distinctive and can occur when the baby is hungry or lonely, has wet or soiled diapers, or is tired or uncomfortable

Answers

Answer:

The correct answer is - basic cry.

Explanation:

Infants communicate through crying according to their needs or conditions. There are three main cries: Basic cry, anger cry, and pain cry. The basic cry is an everyday cry that shows a rhythmic cry or a pattern in which babies cry and silenced and then cry again.

The basic cry is a type of cry that usually happens when baby is uncomfortable, hungry, or lonely. This is a cry that is not distinctive and takes place more often.

a screw is a special kind of what simple machine?
a.lever c.inclined plane
b. wedge d.wheel and axle

(SCIENCE)​

Answers

Answer:

C. Inclined plane

Answer:

c . inclined plane

hope it is helpful to you

How can Indian Human resource become more productive and employable?

Answers

Indian has more than 1 billion people The eighth edition of the India Skills Report (ISR 2021) released 2 weeks ago (19 Feb) has revealed that less than half of the Indian graduates are employable. ... The report found that overall in 2021, only 45.9 per cent of graduates are employable, a decline from 46.2 per cent in 2020 and 47.4 per cent in 2019.

A high amount of short interest is typically considered as a __________ signal, and contrarians may consider it as a _________ signal. A.bu bullish; bearishC. B. bearish; bullishB. C. bullish; falseD.be bearish; falseD.

Answers

Answer:

A high amount of short interest is typically considered as a bearish signal, and contrarians may consider it as a bullish signal.  

Explanation:

When interest rates are high, consider that there has been a devaluation of the currency, that is, this is a sign that there has been a decrease in the value of the national currency, which is what determines the interest rate in a country. When that same interest rate is low, however, it means that there has been an increase, an appreciation of the currency and, consequently, an improvement in the economy.

When the amount of money present in the economy causes prices to rise it is called __________. A. panic B. deflation C. recession D. inflation Please select the best answer from the choices provided A B C D

Answers

You’re answer is D , I got that question and I got it right , hope this helps you

Answer:

D.) Inflation

Explanation:

did t on edge

¿Por qué crees que es importante el cuidado y conservación de las áreas naturales protegidas?
coronita y corazon y seguir al que responde

Answers

Answer:

Explanation:

porque sin ellas habría más contaminación en el mundo y si no las cuidaríamos muere la fauna y Las áreas naturales protegidas son de gran importancia porque nos proveen. Explicación: A 1jaiz4 y otros 25 usuarios les ha parecido útil esta respuesta. heart outlined.

Read each of the statements, and determine whether each pertains to an authoritative, authoritarian, permissive, or uninvolved style of child rearing.

Statements:
a. Parents who use this child-rearing style are low in acceptance and involvement, high in coercive control, and low in autonomy granting.
b. This child-rearing style combines low acceptance and involvement with little control and general indifference to autonomy granting.
c. At its extreme, this type of parenting is a form of child maltreatment called neglect.
d. This child-rearing style is warm and accepting, but parents are either overindulging or inattentive.
e. The most successful approach to child rearing, this style involves high acceptance and involvement, adaptive control techniques, and appropriate autonomy granting.

Answers

Answer:

Explanation below

Explanation:

(A) Authoritarian – This is because of the high intimidating control of the children, which is one of the ways of identifying authoritarian parents.

Kids under this parenting style usually don't get involved in problem solving challenges  or obstacles due to lack of autonomy for them to express themselves.  

(B) Uninvolved – This is because option B talked about a particular type of child-rearing with little control and general indifference to autonomy granting. Uninvolved parents usually do not get to know what their children are doing at any particular point in time. They expect the kids to raise themselves.  

(C) Uninvolved – This is because of the neglect associated with this parenting style. Most uninvolved parents claim to be overwhelmed with other problems, like work, paying bills and they maltreat their children by not looking out for them properly.

(D) Permissive – This is because the child-rearing style mentioned is warm and accepting. Parents who exhibit this style do have a way of forgiving their kids when they go wrong by saying, kids will always be kids. They neither overindulge nor remain inattentive to what is happening around their children

(E) Authoritative – Most researchers have found this style the most successful in raising kids who are both academically strong and emotionally stable

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