What is the journal entry for drawing money from bank for personal use?

Answer Posted / moral

capital a/c Dr
to cash a/c

Is This Answer Correct ?    0 Yes 4 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What are the reasons which cause pass book of the bank and your bank book not tally?

558


Your grandfather is 75 years old. He has total savings of Rs.80,000. He expects that he live for another 10 years and will like to spend his savings by then. He places his savings into a bank account earning 10 per cent annually. He will draw equal amount each year- the first withdrawal occurring one year from now in such a way that his account balance becomes zero at the end of 10 years. How much will be his annual withdrawal?

1716


What is the difference of cost accounting and financial accounting?

614


What does the abbreviation m mean in accounting?

645


Plant and machinery destroyed for 50000

1097






What is an operative accounts?

633


Can anybody tell me diference between provisions of Profit and Loss account prepared as per company act & Income Tax Act?

1443


One Institute, after completion of course not issue any certificate to students, they issued certificate from other branded institute with cost (Kindly provide the term of this expenditure to appear in P&L a/c)

2015


the bank returned S meyer cheque for R450. the cheque has been dishounerd because of insufficient funds, discount of R50 was allowed the account was settled

1294


Please give me as example of service tax & Vat Posting through Tally.

1682


hi to all.... what is the treatment for Work-In-Progress in Tally...please answer for it as early as possible... thanks & regards

1649


when & how interest on unsecured loan is calculated?

1485


What are the different types of gst?

623


pass journal entry for Prepaid insurance

1179


In which account does the unpresented cheque will get recorded?

708