Question

school fee of Mr Burman son paid by cheque 1600 journal entry ​

Answer 1

Explanation:

Drawing A/c.......... Dr. 1,600 To Bank A/c 1,600

Answer 2

Answer:

Drawing account dr 1600

To Bank account 1600

[Being paid school fees through cheque]

• Drawing accounts is debited as the amount withdrawan by the owner from the business for his personal use .. As in this entry Mr.Burman pay his son school fee
• bank account debit is credited according to the rule debit what comes in credit what goes out and in this entry cheque is going out