banking

This topic has 1 reply, 2 voices, and was last updated 7 years ago by John Moffat.

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September 22, 2018 at 4:46 pm #475541
suleymanabuzerli
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hello Sir
l met such sentence when solving questions

“bankings of 1200$ from petty cash”

what do this sentence mean?

1200$ is income or expense??
September 23, 2018 at 8:07 am #475557
John Moffat
Keymaster
- Topics: 57
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Neither!!!!

It means $1,200 is paid our of petty cash into the bank.

So credit petty cash, and debit cash at bank.
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