Question

pass the necessary journal entries for the following transactions 2020 April 2 withdrawn from bank rs 5,000​

Answer 1

Answer:

withdrawn from bank for business purpose

Cash a/c                          Dr             5000

     to bank a/c                                                          5000

Analysis

Cash a/c             -   Assert        -   increases    -   Debit

Bank a/c              -  Assert        -   decreases   -   Credit

withdrawn from bank for business purpose

 Drawings a/c                Dr              5000

      to Bank a/c                                                           5000

Analysis

Drawings a/c      -   Expense    -   increases    -   Debit

Bank a/c              -  Assert        -   decreases   -   Credit

Answer 2

Answer:

April 2 2020

In the particulars column you will write:

Cash A/c Dr To

Bank A/c

In debit column write:5000

In credit column write:5000

Narration will be:(Withdrawn from bank)

Thank you