Which of the following is correct for recording a journal entry for opening a bank account with cash?

Debit cash account & credit Bank account

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Debit bank account & credit cash account

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Debit drawings account & credit bank account

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Debit drawings account & credit cash account

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Solution

The correct option is B
Debit bank account & credit cash account

The correct entry shall be:
Bank A/c Dr
To Cash A/c

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Which of the following is correct for recording a journal entry for opening a bank account with cash?

The correct option is B Debit bank account & credit cash account The correct entry shall be: Bank A/c Dr To Cash A/c

The correct option is B
Debit bank account & credit cash account

The correct entry shall be:
Bank A/c Dr
To Cash A/c