Question

journal entry for household expenses

Answer 1

Household A/c Dr
to cash A/c

Answer 2

Journal entry

Explanation:

                              Books of (----Limited)

                                   Journal entry

Date        Account Title and Explanation     Debit   Credit

               Drawing                     A\c Dr.             xxx

                  To   Cash/Bank               A\c                        xxx

             (Being household expenses paid from the business)

Note: Household expenses treated as personal expenses. So it will be treated as drawing.

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