withdrew from bank for office expenses 2200
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What is the journal entry for cash withdrew from bank?
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Siddhant Bahuguna, works at EY
Answered Jul 6 2017
One of the 3 golden rules to double entry system of accounting is “Debit what comes in, credit what goes out”.
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.
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41 ANSWERS

Siddhant Bahuguna, works at EY
Answered Jul 6 2017
One of the 3 golden rules to double entry system of accounting is “Debit what comes in, credit what goes out”.
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.
15k Views ·
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Cash A/C. Dr. Rs.2200 To Bank A/C. Rs. 2200 (Being cash withdrawn from bank for office use)
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