Question

Entry for withdrew from Bank for office use

Answer 1

hello there

___________________________________________________

the journal entry for cash withdrawn from bank for office use will be

Cash a/c. Dr
To Bank a/c.
(being cash withdrawn from bank for office use)

Here cash account will be debited since cash is withdrawn for office use, if there would be for personal use then drawing would be debited but not in this case, and here bank account will be credited since it is decreasing.

______________________________________________

☺️☺️

Answer 2

Cash a/c dr

To bank a/c

(Being withdrew cash

for office use)

Drawings a/c dr

To cash a/c

(Being withdrew cash

for personal use)

Drawings a/c dr

To purchases a/c

(Being withdrew good

for personal use)