You write a cash withdrawal as follows: debit cash ; credit bank.
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.
cash widraw is indirect expenses or what
withdraw and deposit entry
debit bankcredit cash
The journal entry is as follows: [Debit] Raw material XXXX [Credit] Cash/bank XXXX
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.
cash widraw is indirect expenses or what
[Debit] Cash xxxx [Credit] Bank xxxx
withdraw and deposit entry
debit bankcredit cash
The journal entry is as follows: [Debit] Raw material XXXX [Credit] Cash/bank XXXX
Debit accounts payableCredit cash
debit cash credit bank
[Debit] Cash [Credit] Donations
debit depreciationcredit cash
debit equipmentcredit cash
Debit petty cashCredit cash / bank