debit- cash transfer to the account / credit- owner capital
debit bank
credit owner capital
Dr. Cash
Cr. Due to Shareholder
It is a debit because money is being taken from the account. You debit the owner's capital account and credit cash/bank.
Journal entry for opening a bank account
A Journal
Debit drawings accountCredit inventory account
Sundry creditors a/c dr to proprietors personal a/c cr
It is a debit because money is being taken from the account. You debit the owner's capital account and credit cash/bank.
Journal entry for opening a bank account
A journal is a personal written account of daily experiences, thoughts, and impressions that may be less personal than a diary. Journals often focus on reflection, self-improvement, and goal-setting rather than a detailed record of personal events and emotions.
debit business expensescredit owner capital account
A Journal
Drawing A/c ------Dr 6000 To Bank A/c 6000
journal
Debit drawings accountCredit inventory account
Sundry creditors a/c dr to proprietors personal a/c cr
debit carcredit owner's capital
debit drawings account 2000credit goods account 2000
Debit debt accountCredit cash / bank