Question

Record the following in appropriate subsidiary book:
8 withdrew $5000 from bank for office use

Answer 1

Answer:

drawing capital dr 5000

bank cr 5000

Answer 2

Answer:

It will be recorded in Journal proper

Cash A/c. ...dr. $5000

To bank A/c. $5000

Explanation:

As we are withdrawing cash for office use and not for personal use that's why Cash A/c will get debited and Bank A/c will get credited