cash withdrawn from bank for official use Rs 10,000 and for personal use Rs 5000
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Answered by
2
Answer:
Journal entry
Cash A/c Dr 10000
drawings A/c Dr 5000
To bank A/c 15000
(being cash withdrawn from bank and for personal use )
Explanation:
cash A/c - real account , cash comes in therefore its debited
bank A/c - personal account , banker is payee therefore its credited
drawings A/c - personal account , receiver of cash from bank therefore its debited
Answered by
0
your journal entry will be:
cash a/c. Dr. 10000
drawings a/c. Dr. 5000
to bank a/c. 15000
(being cash withdrawn from bank for office use and personal use)
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