Question

Cheque draw for trade expenses

Answer 1

trade expence a/c Dr to bank a/c

Answer 2

Hi friend,

The right Journal entry for this;-

Trade expenses A/c ------------ Dr.
To Bank A/c

( Being , cheque paid )


Or,

Drawings A/c ------------- Dr.
To Cash A/c


( Being, cash withdrawn from bank for personal use )


.....i hope it helps you


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