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What is the journal entry for drawing money from bank for personal use?

Answers were Sorted based on User's Feedback



What is the journal entry for drawing money from bank for personal use?..

Answer / manguli charan pradhan

Drawings a/c Dr
To bank a/c

Is This Answer Correct ?    15 Yes 2 No

What is the journal entry for drawing money from bank for personal use?..

Answer / aamir

DRAWINGS
TO BANK A/C

Is This Answer Correct ?    9 Yes 1 No

What is the journal entry for drawing money from bank for personal use?..

Answer / balakrishna

drawings ad dr
to bank ac

Is This Answer Correct ?    6 Yes 3 No

What is the journal entry for drawing money from bank for personal use?..

Answer / sumanth

drawing a/c DR
to bank

Is This Answer Correct ?    5 Yes 2 No

What is the journal entry for drawing money from bank for personal use?..

Answer / raghuvstar@gmail.com

Drawing/Capital A/c Dr
To Bank A/c

(Being Cash withdrawn for Personal use)

Is This Answer Correct ?    1 Yes 2 No

What is the journal entry for drawing money from bank for personal use?..

Answer / hussain

by person
to bank a/c

Is This Answer Correct ?    0 Yes 3 No

What is the journal entry for drawing money from bank for personal use?..

Answer / shivangi

cash A/c.Dr.
bank A/c. Cr.
(being cash withdraw from bank.)

it will not taken in drawing a/c.,bcoz whether cash is used for any purpose but main point is cash is withdraw from bank. if cash is withdraw for personal use "from business" then drawing will dr. but here cash is withdrawn "from bank".

Is This Answer Correct ?    0 Yes 3 No

What is the journal entry for drawing money from bank for personal use?..

Answer / moral

capital a/c Dr
to cash a/c

Is This Answer Correct ?    0 Yes 4 No

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