proprieter with drew cash for personal use
this transaction from chapter accounting equation
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Debit: Drawings (as indicated in post of Chris Yaren, this will need to be described, relative to its purpose).
Credit: Cash or Bank, depending upon whether the payment is in cash or by cheque or bank transfer.
Hope that helps!
It might help to download “Municipal Accounting for Developing Countries”; This is my 900pp textbook, obtainable, free of charge from the World Bank website.
Credit: Cash or Bank, depending upon whether the payment is in cash or by cheque or bank transfer.
Hope that helps!
It might help to download “Municipal Accounting for Developing Countries”; This is my 900pp textbook, obtainable, free of charge from the World Bank website.
gurpreet895113p98dmt:
this is from accounting equation not from journal
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