Question

Questions÷paid rent of hari Shankar's residence
answer÷ drawings a/c Dr
to cash a/c

I just need the explanation

why didn't we took rent and why we took cash and what about this drawings plz explain ​
and yah please don't copy the answer available on brainly I can't get them ​

Answer 1

Explanation:

We didn't take rent A/c because the rent was not paid as part of business expense. This amount was taken for the personal expenses of the owner.

We took cash A/c because the second aspect of this transaction is cash (Only cash was withdrawn from the business)

Drawings is the cash, good or any other material which is withdrawn from the business for the personal expenses of the owner.