Question

Withrew from bank for office

Answer 1

Disclaimer:

I made the journal in excel on my own; this is not a screenshot.

Answer:

This means that our bank balance is reduced and the cash in hand increases.

Explanation:

For example, Mr. A deposits Rs. 1000 in to the bank (a) but one day, he requires some money (say Rs. 200) for (say machinery repairs); so he withdraws it from the bank (b), but for office use.

The journal entry for this is in the attachment.