Question

Paid cash for household expenses

Answer 1

hello Frnd

Household Expenses are not the expenses of Business.

There fore it's a DRWAING by owner of the business.
And this reduce the capital of Owners.

Journal entry


Capital A/C Dr.
To Household Expenses or DRWAING A/C



hope it helps
jerri

Answer 2

Answer:

Personal expenses are a ;part of Drawings

Explanation:

The cash paid oot of business for household expenses are Drawings. The entry will be-

Drawings A/c        Dr.

           To Cash A/c