Transaction : Opened a bank account in Bank of India with an amount of ₹5,00,000. Analysis of transaction: This transaction increases the cash at bank (assets) and decreases cash (asset) by ₹5,00,000.
Transaction : Opened a bank account in Bank of India with an amount of ₹5,00,000. Analysis of transaction: This transaction increases the cash at bank (assets) and decreases cash (asset) by ₹5,00,000.