Question

Drawings journal entry​

Answer 1

Answer:

Drawings Ac Dr

To Cash Ac

Answer 2

Journal entry

Explanation:

                           Books of (.... limited)

                               Journal entry

Date       Account Title and Explanation     Debit    Credit

              Drawing                A\c Dr.                  xxx

              To cash/bank       A\c                                       xxx

                 (Being cash withdrawn from the business)

Note: Drawing is an expense for the business according to the business entity principle, Drawing will be debit.

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