Question

March 9 Withdrawn cash from bank for office use .....
March 12 Interest paid by bank on bank balance... entry in double column cash book​

Answer 1

Answer:

Journal Entry

Mar 9 = Cash account dr.

To Bank Account

Cash ledger

DEBIT Cash Column and write TO BANK

and CREDIT Bank column and write BY CASH

____________

Mar 12

Journal Entry = Bank account dr.

To Interest account

because debit what comes in for bank is real account and Credit all income and gain as interest is our income

In the Ledger

DEBIT Bank column and write TO INTEREST