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Hi everybody,
can anybody tell me what will be the journal entry for (
1). Withdraw from SBH Rs.10,000 for office use.
2). Withdraw from SBH Rs.5,000 for private use.
Thanks,
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Answer Posted / girish
1 ) Cash A/c - Dr Rs.10,000/-
To SBH A/c Rs.10,000/-
2 ) Advances A/c - Dr Rs.5,000/-
To SBH A/c Rs.5,000/-
( Advances A/c should be created under the group Loans and
Advances (Assets) and will be adjusted from the next
payment to be made to the person who is using it for
private purpose)
| Is This Answer Correct ? | 11 Yes | 40 No |
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