Question

Cash withdraw Rs2000 for office use

Answer 1

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( being cash withdrawn for office use).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.