Question

withdraw from bank 60000 for office use and 20000 for personal use? journal entry​

Answer 1

Answer:

Dr Cr

Cash a/c-----------Dr 60,000

Drawing a/c-------Dr 20,000

To Bank A/C 80,000

( being withdrawn from bank for office use and for private use )

Explanation:

when the cash is withdrawn for the office use and for private use we receive cash hence, cash account is debited.

bank is the giver hence, its credited.