Journal entry when one partner withdraws from bank for personal use in partnership firm?

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Next Question:
When are we using journal entries on bank reconciliation?
Posted by:
Dannika Mananquil
19-January-2017

Banking Domain Journal Entries

Question added by Shashank Kumar
Date Posted: 2017/06/26

Upvote (0) Views (2) Followers (2) Answers (2) Report Question

Write an Answer
Register now or log in to answer.

2 Answers

Kanva Naimeshkumar Gandhi

by Kanva Naimeshkumar Gandhi , Chief Accountant , Moiz Trading Co. B.S.C.(C)

Partner's Withdrawal A/c-Debit

To Bank Account-Credit

Downvote Reply () Report

Virendra Singh Bhati

by Virendra Singh Bhati , General Accountant , Accor S.A

Drawings A\\C .. Dr

To Bank A\\C

Downvote Reply () Report

Popular Searches

Sales Executive Jobs Engineers Jobs Engineering Technicians Jobs Accountant Jobs Driver Jobs

Write Your Answer

More Questions Like This

What is the purpose of Journal Entries?
Top Answer: Journal entries provide foundational information for all other financial reports and are used by audito ... See More

Answers (37)
Pass the journal entries for the following transactions in the Books of Mr S.K.Jain? a) He Sold old furniture for Rs 5000/-
Top Answer: Cash Debit Rs/- 5000 Furniture Credit Rs/- 5000 ... See More

Answers (4)
What is the Financial lease & Capital Lease. What will be the journal entry for financial lease. Thanks?
Top Answer: Finance Lease is expressed as an agreement wherein the lessor receives lease payments for the covering of ... See More

Answers (1)
What are the process & steps of making a journal entry?
Top Answer: I agree with MR Mohammed 'answer See More

Answers (2)

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.