Journal entry for
Draw a cheque for office use
Answers
hey mate the journal entry will be...
cash a/c dr
to bank a/c
(being cheque withdraw for office use)
Answer:
A journal entry is an act of recording any transaction, whether it is commercial or not.
An accounting diary that displays the debit and credit balances of a corporation lists transactions. Multiple recordings, each of which is either a debit or a credit, may be included in the journal entry. The amount of the debits and credits must be equal in order for the journal entry to be declared balanced. Depreciation or bond amortisation are examples of recurring items that can be recorded in journal entries. Accounts payable normally has its own sub-ledger that indirectly impacts the general ledger, and journal entries are frequently filed using a different module in accounting software. As a result, general ledger account balances are changed immediately by journal entries. The correct date, amount(s) to be debited, amount to be credited, description of the transaction, and specific reference number are all parts of a correctly formatted journal entry (i.e. check number)
Explanation:
What is the journal entry of withdrawal from the bank for office use?
Give journal entries of withdrew from the bank for office use
[Withdrew cash from the bank for office use.
therefore this transaction affects two accounts ...
cash a/c dr
to bank a/c
(being cheque withdrawn for office use)
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