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Answer Posted / sankeerthana
My dear Narasimha Rao take care while passing a journal
entry. The natural positions of Drawings are always Debit
and the capital is alweys Credit If any body wants to
decrese the values the natural positions must be reversed.
So the entry will be Drawings has to be debited and credit
entry will be to Bank or cash.According to you Debit entry
is correct,but unnecessarily capital account was raised. Pl
rectify your self
Sankeerthana
www.therealaccountants.com
| Is This Answer Correct ? | 10 Yes | 2 No |
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