Accountancy, asked by Lalityadav3110, 1 year ago

withdrew cash for office use
journal entry

Answers

Answered by priya1357
27
bank account debit
To cash account
Answered by vchilongo
1

On withdrawing cash for office use this means the money is still in the business and is being used by the organization this entry will be recorded on the capital account . in this cases the bank account will be credited and the capitals account will be debited, the double entry system should always apply while dealing with the financial statements and the accounting books.

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