Business Studies, asked by udjdjdjd, 1 year ago

how pass journal entry cash withdrawn for household purpose

Answers

Answered by maverick2554

Answer:

If you want to know Entry for cash withdrawn from Bank for Household purpose then first you'll have to record Contra entry and then record Drawing Entry. If you directly transfer funds from your bank then directly pass payment entry by debiting Drawings account and crediting bank account.

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