Accountancy, asked by boyb22873, 3 months ago

personal drawings in cash double column cash book

Answers

Answered by lavish272007

Answer:

Explanation:

he withdrawn amount is written in the cash column on debit side and bank column on credit side. Important: The contra entry is made only when the cash is withdrawn for business use. If cash is withdrawn for personal use, it will be recorded only in the bank column on credit side of the cash book

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