[dummy - to be removed] What is the journal entry in bank books for the transaction of withdrawing RS 1200 from the bank by a customer?

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

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

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

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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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Similar questions

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

The cash book shows a balance of Rs.11,000 which was different from the balance as per bank statement. The difference is found to be due to a credit entry in pass book amounting to Rs.2,000 for direct payment by a customer in bank account. What would be the balance as per bank pass book?

Q. The cash book shows a balance of

R s . 11, 000

which was different from the pass book balance. The difference is found to be due to a credit entry in pass book amounting to

R s . 2, 000

for direct payment by a customer and a debit of

R s . 250

for bank charges on collection of outstation cheques and other services. What would be the balance as per bank pass book?

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[dummy - to be removed] What is the journal entry in bank books for the transaction of withdrawing RS 1200 from the bank by a customer?

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

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