A company draws cash from United Bank. The entries in the Company's accounts should be:
Debit Credit
1 United bank account Cash account
2 Purchases Cash Account
3 Income Bank Account
4 Cash account United bank account

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Solution

The correct option is D 4
Cash withdrawal from United Bank. This transaction effects two account i.e. Cash and Bank. Cash and Bank, both are real account.
Following the rule of real account, following entry will be passed:

Cash A/c Dr.
To United Bank A/c.

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	Debit	Credit
1	United bank account	Cash account
2	Purchases	Cash Account
3	Income	Bank Account
4	Cash account	United bank account

A company draws cash from United Bank. The entries in the Company's accounts should be:DebitCredit1United bank accountCash account2PurchasesCash Account3IncomeBank Account4Cash accountUnited bank account

The correct option is D 4Cash withdrawal from United Bank. This transaction effects two account i.e. Cash and Bank. Cash and Bank, both are real account. Following the rule of real account, following entry will be passed:Cash A/c Dr. To United Bank A/c.

A company draws cash from United Bank. The entries in the Company's accounts should be:
Debit Credit
1 United bank account Cash account
2 Purchases Cash Account
3 Income Bank Account
4 Cash account United bank account

The correct option is D 4
Cash withdrawal from United Bank. This transaction effects two account i.e. Cash and Bank. Cash and Bank, both are real account.
Following the rule of real account, following entry will be passed:

Cash A/c Dr.
To United Bank A/c.