cash widraw is indirect expenses or what
This kind of journal entry is called contra entry in which at both sides that is at debit side and credit side cash or bank is used.
You write a cash withdrawal as follows: debit cash ; credit bank.
debit bankcredit cash
debit cash credit bank
bank a/c to cash a/c
This kind of journal entry is called contra entry in which at both sides that is at debit side and credit side cash or bank is used.
[Debit] Cash xxxx [Credit] Bank xxxx
You write a cash withdrawal as follows: debit cash ; credit bank.
debit bankcredit cash
debit cash credit bank
bank a/c to cash a/c
debit bank accountcredit cash / bank
bank a/c to cash a/c
Cash deposit to bank has contra entry as follows: [Debit] Bank account [Credit] Cash account
Debit petty cashCredit cash / bank
[Debit] Purchases [Credit] cash / bank
Debit cash in handCredit bank