cash withdrawn for personal use rs 20,000
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Answer:what is the question
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Disclaimer:
The attached image is the screenshot of the excel file I create my self to prepare the journal; it is not a screenshot from any other website or image of a book.
Answer:
This is an example of drawings.
Explanation:
Drawings is the amount of money or goods, the proprietor or the partners or the shareholders etc. (owners of the business) withdraw from the business for their personal use.
In this case, cash is being withdrawn.
The journal entry for this is shown in the attachment.
Attachments:
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