drew from bank journal entry?
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Answered by
15
The journal entry will be;
Drawings A/c Dr. (Amount)
To Bank A/c. (Amount)
Since you are drawing the cash, the account will be debited and the bank will act as a giver her making the bank account as credited one.
Since you are taking out the amount from an account hence it will work as credited.
Answered by
6
Drawing A/C .............. Dr.
To Bank A/C
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