Question

Withdrawn from bank for paying income tax

Answer 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When cash is withdrawn from bank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(Being cash withdrawn from bank)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)

Answer 2

Hey mate ✌️✌️✌️

Journal Entry ⏬⏬⏬⏬



Drawing A/c.........................Dr
........To bank A/c