Accountancy, asked by kashyap200180, 4 months ago

journal entry withdrew from bank for office use​

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Answered by yashika200
3

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Answered by nehaelsa14
7

the journal entry for cash withdrawn from bank for office use will be

Cash a/c. Dr

To Bank a/c.

(being cash withdrawn from bank for office use)

Here cash account will be debited since cash is withdrawn for office use, if there would be for personal use then drawing would be debited but not in this case, and here bank account will be credited since it is decreasing.

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