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Cash withdrawn from bank for personal use journal entry

cash withdrawn from bank for personal use journal entry

The journal entry for cash withdrawn for personal use goes in an account That protection fails if you treat business accounts like your personal piggy bank. Proprietor is withdrawn cash from Business current account for personal use can be treated as normal drawing only, Debit Drawings a/c, Credit Bank. A withdrawal of cash for an owner's personal use reduces cash and requires an bank card is used, the journal entry still requires crediting the "Cash" account.

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3 thoughts on “Cash withdrawn from bank for personal use journal entry

  1. Jean Mason says:

    Can you use a PayPal prepaid card for the same thing

    Reply
  2. PESA GROUP says:

    to uska message alert mere number par Kyon nahi aata hai,

    Reply

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