Accountancy, asked by mamsaidseif9, 1 year ago

Journal entries cash withdrawal from bank to the cash account
for office use

Answers

Answered by Anonymous
0
Heya user ✨✨

⏩Cash A/c............................Dr
........To bank A/c


✨ Hope this helps you ✨

ali94: hello
Answered by Anonymous
0

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(being Cash withdrawn from bank for office use)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.

Similar questions