Question

withdrawn from bank for personal use pass the journal entry​

Answer 1

Explanation:

Withdraw cash from bank for personal use - pass journal entry? Logic : There is decrease in the capital which is the liability of business for business owner. So, it will debit. Our bank account is the current asset, it is also decreased due to this transaction.

Answer 2

Answer:

Drawings ac.                                Dr.   Amount(₹)

     To Bank ac.                                                           Amount(₹)            

(Being cash withdrawn from

bank for personal use.)