Question

drew cash from bank for office ues​

Answer 1

Answer:

As the cash being withdrawn is being used to official use, it would be wrong to treat it as a drawing. Cash in hand A/C. Dr. The justification for this is the fact that cash in hand is increasing and the balance in bank is decreasing.

Step-by-step explanation:

Both cash and bank are real account .And as per real rule ,”Debit what comes in and credit what goes out.” Whenever we receive the cash, it should be debited as it is coming to us; similarly whenever it (cash)is being paid i.e.going away ,it must be credited.So the entry for the above transaction will be:Cash A/c Dr.To bank A/c(Withdrew cash from bank)Also it your are making preparing cash book ,then contra entry will be done for it as in the first hand u r withdrawing the cash from the bank and, on the other hand ,bringing it to ur business.

Hope this helps you Friend ;)