Cash withdraw Rs2000 for office use
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golden principles of accounting .
personal account rule
dr- the receiver.
cr- the giver.
real account rule
dr- what comes in.
cr- what goes out.
nominal account rule.
dr- all expenses and losses.
cr- all incomes and gains.
the journal entry will be.
cash a/c dr 2000
to bank a/c 2000
( being cash withdrawn for office use).
cash a/c is debited.
because here cash is coming into business see real a/c rule..
bank a/c is credited.
because here cash is given by bank see personal account rule.
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