Accountancy, asked by Bijaymalik190, 1 month ago

withdrew from bank for office use​

Answers

Answered by avabooleav
1

Answer:

Explanation:

Here cash account will be debited since cash is withdrawn for office use, if there would be for personal use then drawing would be debited but not in this case, and here bank account will be credited since it is decreasing. ...

Answered by ananyanaskar28
0

Answer:

As per the golden rule of accounting, cash account is classified as a real account. As per the rule for a real account, we debit what comes in and credit what goes out. Hence, when the cash is withdrawn for the office use we receive cash hence, cash account is debited.

Explanation:

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