Question

paid excise duty 5000 by cheque and paid commercial tax 15000 in cash​

Answer 1

Answer:

Thank You very much to give your Precious Time for my Answer.

Explanation:

Reason : Drawings Account is debited because it decreases the balance of Capital Account and Bank Account is credited because it decreases the balance of Bank(Assets) Account.

Note : Income Tax Account is considered as Drawings Account because it is related with the Proprietor