Question

Drew cash from bank for office use​

Answer 1

Explanation:

Cash A/C. Dr.

To Bank A/C

Answer 2

Question: Journal entry for: Drew cash from bank for office use

Cash withdrawn from Bank for office use : Under this transaction, The cash balance is increased and also, the bank balance is decreased.

Thus it is recorded as under : Receipt side "To Bank A/c" [in the cash column] and Payment side "By Cash A/c" [in the bank column.]

Journal Entry:

Cash A/c Dr.

To Bank A/c

[Being cash withdrawn from Bank for office use.]

As cash comes into the business, it is debited to Bank Account. Similarly, as bank is the giver, it is credited by Cash Account.

Also, when cash is withdrawn from bank, for personal use, the following Journal entry is passed:

Drawings A/c Dr.

To Bank A/c

[Being cash withdrawn from Bank for personal use]