Rohit withdrew for personal use journal
Answers
Answered by
0
Answer:
Drawing A/C Dr.
To Cash A/C
Answered by
1
Answer:
Journal Entry will be:-
Drawing A/c Dr.
To Bank A/c.
Explanation:
Drawings are the amounts taken by the owner of a business for his personal use in anticipation of profit. Drawings are usually made in the form of cash, but there could be other assets or goods withdrawn by the owner for his personal use.
Similar questions