Question

Drew cash from household expenses journel

Answer 1

hiii

the answer is
drawing a/c. dr
to cash a/c

have a nice day

Answer 2

3 golden rules

• debit the receiver , credit the giver

• debit what comes in , credit what goes out

• debit all the expenses and losses , credit all the incomes and gains

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reason for debit and credit

Drawings A/c - personal A/c ,cash withdrawn by proprietor , where proprietor is the receiver in this case , therefore its debited

Cash A/c - real A/c , cash goes out of the company therefore its credited .

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Journal entry

Drawings A/c Dr

To cash A/c .

(being cash withdrawn for personal purpose )