Question

journal entry for the withdrawal from bank for personal use 4,500 and for office use 3,500.​

Answer 1

Explanation:

hlo mate here's your answer

Drawings A/c debit, bank A/c credit

Drawings are the amounts taken by the owner of a business for his personal use in anticipation of profit. Drawings are usually made in the form of cash, but there could be other assets or goods withdrawn by the owner for his personal use.

Journal Entry will be:-

Drawing A/c Dr.

To Bank A/c.

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