Question

withdrawn from bank for paying Income Tax journal entry​

Answer 1

Answer:

Both cash and bank are real account . And as per real rule ,”Debit what comes in and credit what goes out.” Whenever we receive the cash, it should be debited as it is coming to us; similarly whenever it (cash)is being paid i.e.going away ,it must be credited.

Answer 2

dont know mates.....ssry....