Question

Drew from bank for personal expenses rs.1500

Answer 1

heyaa,,,
it's journal entry will be;
drawing a/c dr 1500.

to bank a/c. 1500.
(being cash withdrew from bank for personal use)
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Answer 2

Hello!!

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The journal entry for , "Drew from Bank for personal expense rs 1500" will be:-

Drawing account. Dr 1500
To bank account 1500
(being drawing made)

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Here, Drawing ll be debited, since due to drawing liability of business is decreasing, and we kbow that when liability decrease we debiy it!

bank is being credited because Assets is decreasing.

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