Journal entries cash withdrawal from bank to the cash account
for office use
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Heya user ✨✨
⏩Cash A/c............................Dr
........To bank A/c
✨ Hope this helps you ✨
⏩Cash A/c............................Dr
........To bank A/c
✨ Hope this helps you ✨
ali94:
hello
Answered by
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Journal Entry :
Cash A/C Dr Rs.xx
To Bank A/C Rs.xx
(being Cash withdrawn from bank for office use)
Explanation :
Cash A/C and Bank A/C are Real A/Cs.
According to Real A/C principle, debit what comes into the business. Credit what goes out of the business.
Cash A/C is debited because cash comes into the business.
Bank A/C is credited because bank balance is decreasing.
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