Accountancy, asked by preetibhardwaj45646, 1 month ago

Cash withdraw from bank for office use 9900

Answers

Answered by MuhammdAslam
0

As per the golden rule of accounting, cash account is classified as a real account. As per the rule for a real account, we debit what comes in and credit what goes out. Hence, when the cash is withdrawn for the office use we receive cash hence, cash account is debited.

Explanation:

Always we draw from bank and thus drew means something come in business. Business drew cash i. e cash is debited and from where it is come ie bank is credited..

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