Question

cash withdrawn from bank 22800 additional capital introduced 12200 and borrowed 30000 from sugandha journalise this in a transaction ​

Answer 1

Answer:

Drawings are the amounts taken by the owner of a business for his personal use in anticipation of profit. Drawings are usually made in the form of cash, but there could be other assets or goods withdrawn by the owner for his personal use.

Journal Entry will be:-

Drawing A/c Dr.

  To Bank A/c.

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