Journal entry for cash drawn from bank for business use
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heyaa,,
____________________________
¤ Journal entry for cash drawn from bank for business use will be;
____________________________
cash a/c Dr
to capital a/c.
(being cash withdrawn from bank for office use)
____________________________
here;
¤ cash is coming in so it will be debited.
and,
¤ bank is the giver of cash so it will be credited.
____________________________
hope it helps. ☺☺☺
____________________________
¤ Journal entry for cash drawn from bank for business use will be;
____________________________
cash a/c Dr
to capital a/c.
(being cash withdrawn from bank for office use)
____________________________
here;
¤ cash is coming in so it will be debited.
and,
¤ bank is the giver of cash so it will be credited.
____________________________
hope it helps. ☺☺☺
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