Question

Journal entries cash withdrawal from bank for official purpose

Answer 1

Explanatio

Its a very simple to a pass journal entry for cash withdrew from bank… Here are two accounts involve in this transaction. ... According to golden rule of accounting cash account comes under the Real account. Debit what comes in, Credit what goes out.

Answer 2

Answer:

Originally Answered: What will be a journal entry for cash withdrawn for personal use? Debit: Drawings (as indicated in post of Chris Yaren, this will need to be described, relative to its purpose). Credit: Cash or Bank, depending upon whether the payment is in cash or by cheque or bank transfer.