A withdrawal of cash for personal use is credited to which account
Dear student
Cash account is credited.
EXPLANATION
Hence, cash account is credited
Regards
Cash account is credited.
EXPLANATION
Transaction | Accounts involved | Nature of Account | how effected | Debit(Rs) | Credit (Rs) |
withdrawal of personal cash | Drawings cash | Personal Real | Proprietor is the receiver Cash is going out | ..... | ..... |
Hence, cash account is credited
Regards