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Answer» Note:- The mode of payment is not MENTIONED so i will take it as Cash/Bank
Opening a bank account..amounts to an asset (incoming)
Opening it with a Cash/Cheque..that means we are paying AMOUNT (cash in bank) via Cheque/cash.... so it Amounts to (outgoing) decrease in Asset...
so this transaction AFFECTS TWO accounts ...SBI Bank a/c (new)....and cash account /bank account (old) is a Real account (all ASSETS and Liabilities come under Real account)
we know that...
Real Account - Debit what comes in credit ,what goes out
so.... The Journal Entry will be..
SBI Bank(new) a/c Dr. ××××
To Bank/cash a/c. ×××××
(being account opened with Cheque/cash)
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