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Is it right? ( he withdrew cash from business for personal use) Cash alc dr To bank alc
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Thread Starter
Sai GWhat is difference between *2 question
Here ,we hav withdrawn cash from bank . But in previous entry we withdraw cash from business that to for personal use.
Kiran Vijay
No.we do accounting from business point of view . Drawings Dr To cash/bank .
What is difference between *2 question
Kiran Vijay
Here ,we hav withdrawn cash from bank . But in previous entry we withdraw cash from business that to for personal use.
Thank u bro if personal comes is it falls under drawing.
Thread Starter
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