Question

7. घर पर रोकड़ प्रयोग की (Cash used at home) journal entry ​

Answer 1

Explanation:

DRAWINGS A/C………..Dr.

TO CASH A/C

IF CASH IS WITHDRAWN FROM THE BUSINESS

THE ASSET (CASH) IS REDUCED AND HENCE IT WILL BE CREDITED

AND DRAWING WILL ALWAYS BE DEBITED, AS DRAWINGS IS “PERSONAL REPRESENTATIVE” A/C

AS PER PERSONAL A/C DEBIT THE RECEIVER AND CREDIT THE GIVER.

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