What is the journal entry for drew from bank for office use pls help urgent !!!
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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.
anushka2020:
I just need to know what should be debit and credit pls help
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