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Question

What is the journal entry in bank books for the transaction of withdrawing Rs 1200 from the bank by a customer?


A

Cash account shall be credited & customer`s account shall be debited

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B

Cash account shall be debited & customer`s account shall be credited

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C

Bank account shall be debited & customer`s account shall be credited

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D

None of the above

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Solution

The correct option is A

Cash account shall be credited & customer`s account shall be debited


The correct entry shall be:
Customer`s A/c Dr
To Cash A/c


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