Question

Journalize the following transaction :
Withdrew cash from Bank rs. 7000

Answer 1

Answer:

cash Ac dr. 7000

to bank Ac. 7000

Answer 2

Answer:

Journal entry

Cash A/c    Dr   7000

    To Bank A/c              7000

(being withdraw cash from bank )

Explanation:

Cash A/c - real account , where cash comes in therefore is debited

bank A/c - personal account , banker is payee therefore its credited