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what is the golden rules of accountancy ?withdrwal frm atm
what will be the transaction ?

Answer Posted / gaurang vyas

The Golden Rule of Accountancy is whatever comes in is
Debit & Whatever goes is credit.

For Individual who withdraw money from ATM.

- Cash A/C Dr.
-Personal A/C Cr.

For Bank.
- Personal A/C of Bank A/c Holder Dr.

-Cash A/C Cr.

Is This Answer Correct ?    9 Yes 3 No



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