What is the journal entry of drawings?

Open in App

Solution

The journal entry of drawings in case of cash withdrawal is:

DATE

PARTICULARS

DEBIT

CREDIT

xxxxxx

Drawings account……………………………………………..Dr.

xxxxxx

To cash/ bank account

xxxxxx

(Being drawings made by the owner)

Stay tuned to BYJU’S to learn similar Commerce Questions.

Suggest Corrections

Similar questions

In case of interest on drawings charged on deceased partner's capital account, what will be the journal entry?

Join BYJU'S Learning Program

DATE	PARTICULARS	DEBIT	CREDIT
xxxxxx	Drawings account……………………………………………..Dr.	xxxxxx
To cash/ bank account	xxxxxx
(Being drawings made by the owner)