Question

Withdrew from bank for office expenses 2200

Answer 1

Following the above rule, the journal entry for withdrawing of cash from bank shall be:-

Cash A/c Dr.

Bank A/c Cr.

The above entry shall have no effect on Cash and Cash Equivalents balance in the financial statements.

Answer 2

Cash A/C. Dr. Rs 2200    To Bank A/C. Rs 2200 (Being cash withdrawn from bank for office use)