The Book-keepers Forum (BKF)
The Book-keepers Forum (UK) -> General Book-keeping & Accounting -> Does anyone knows?
Post Info TOPIC: Does anyone knows?
Lynn


Newbie

Status: Offline
Posts: 1
Date:
Does anyone knows?
Permalink Closed

Hey there! money was taking out from the bank and a day after that, my company put that money into the account to gain an interest(Interest receivable from the bank). What is the transaction for that? I'm a newbie in accounting world. Can someone help me?confusehmmyawn

__________________
ChrisBolton


Senior Member

Status: Offline
Posts: 133
Date:
Permalink Closed

What software are you using

__________________
kjmcculloch83


Expert

Status: Offline
Posts: 2085
Date:
Permalink Closed

If you have a think about it there are two transactions. The first is when the money is withdrawn from the current account and put into cash, and the second when the cash is deposited into the savings account. the transactions would be

DR Cash and CR Current Account and then the next day DR Savings Account and CR Cash.

Hope this helps

Kris

__________________

BKN Most Innovative Accountancy Firm 2012

Director and Co-Founder of The Bookkeepers Alliance

 
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.
The Book-keepers Forum (UK) -> General Book-keeping & Accounting -> Does anyone knows?
Tweet this page Post to Digg Post to Del.icio.us
Members Login
Username 
 
Password 
    Remember Me  
©2007-2024 The Book-keepers Forum (BKF). All Rights Reserved. The Book-keepers Forum (BKF) is a trading division of Bookcert Ltd. Registered in England Company Number 05782923. 2 Laurel House, 1 Station Rd, Worle, Weston-super-Mare, North Somerset, BS22 6AR, United Kingdom. The Book-keepers Forum and BKF are trademarks of Bookcert Ltd. This forum is a discussion forum only. There will usually be more than one opinion to any question and any posting should not be viewed as a definitive solution. No responsibility for loss occasioned to any person acting or refraining from action as a result of any posting on this site is accepted by the contributors or The Book-keepers Forum. In all cases, appropriate professional advice should be sought before making a decision. We reserve the right to remove any postings which are offensive, libellous, self-promoting or engaged in covert marketing. We will not notify users of removals. The views expressed in the forum posts are those of the individual and do not necessary reflect or agree with those of The Book-keepers Forum. Any offensive or unsuitable posts will be removed by the moderators. Any reader of this forum can request for a post to be looked into by sending an email to: bookcertltd@gmail.com.

Privacy & Cookie Policy  About