Question

Identify the debit and credit
1. Withdrew cash for domestic use Rs 6000

Answer 1

Answer:

debit fron business ac and credit to personal account.

Explanation:

because you are withdrawing it from business and crediting it in your personal account for your domistick use.

Answer 2

Answer:

Explanation:

★ DRAWINGS A/C DR  6,000

         TO CASH    A/C                6,000

( WITH DREW CASH FOR

   PERSONAL PURPOSES )

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★HERE THE DEBIT ASPECT IS DRAWINGS

★AND THE CREDIT ASPECT IS CASH