Withdrawn from bank for paying income tax
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Answered by
1
When cash is withdrawn from bank
Cash A/C. Dr. Rs.xxx
To Bank A/C. Rs.xxx
(Being cash withdrawn from bank)
When Income Tax is paid
Drawings A/C. Dr. Rs.xxx
To Cash A/C. Rs.xxx
(Being income tax paid)
BrainlyTech:
Du hast die Frage verstanden. Beeindruckend
Its not mentioned whether income tax paid to owner (Personal use) or business purpose right . we can assume on any other way . be specify while giving answers . if necessary give assumptions while solving answers
Answered by
4
Hey mate ✌️✌️✌️
Journal Entry ⏬⏬⏬⏬
Drawing A/c.........................Dr
........To bank A/c
Journal Entry ⏬⏬⏬⏬
Drawing A/c.........................Dr
........To bank A/c
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