withdraw cash for office use
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Cash a/c dr
To bank a/c
(Being withdrew cash
for office use)
Hope it helps u
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To bank a/c
(Being withdrew cash
for office use)
Hope it helps u
and
plz mark my answer as brainliest
Answered by
0
Cash A/c…dr
To bank A/c
(being money taken for office use)
Explanation:
Here in this case cash is being withdrawn for office uses making it and indirect expenses for the company. Cannot be considered as drawing due to the fact that this money is being used for the betterment of the firm.
So now we will debit cash account as we are getting cash in hand and credit the bank account as banks values decreasing this journal can be understood easily if we know the golden rules of accounting.
Learn more on journal entry
What is the journal entry for :cash received from bikramjeet on behalf of suhag 10,000
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Journal entry of opened a current account in bank of baroda by depositing Rs 75000.
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