Question

Withdrew from bank four office use RS 5ooo credit or debit
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Answer 1

Answer:

Term Wihdraw from bank is come under debit.

Answer 2

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 Hence, when the cash is withdrawn for the office use we receive cash hence, cash account is debited.

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