English, asked by abdulkhalid36, 2 months ago

Drawn from bank for Personal use 450
1.6. from​

Answers

Answered by brainlyqueen91
1

Explanation:

In accounting, you debit an asset or expense account when there is an increase in value. Debits also decrease liability or equity accounts. Credit entries decrease an asset or expense account while increasing equity or liability funds. When cash is used, credit entries to the account follow.

Drawings a/c(withdrawn for Personal use) , Bank a/c(withdrawn from bank on t).. In contention with the above rules... Drawings being an expense to us.. should be debited and since cash is Going out from bank , should be credited.

Answered by akshayfoujdar
0

Answer:

no no no no no entry. free points

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