Accountancy, asked by abhik25beragmailcom, 1 year ago

cash taken for household purposes journal

Answers

Answered by Gargihazra
1
Journal entry for This transaction :-

Drawings A/c---------Dr. [Amount ]
To Purchase A/c [ Amount ]

(Being , goods taken by the proprietor for household/ personal use )

Explanation :-

Drawings means cash , goods or services drawn by the owner , investor for self consumption....i hope it helps you

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Answered by AbhishekRebinal
2

Drawing A/c------- Dr.
To Cash A/c
(Being cash withdrawn for personal use)

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