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Debit: Drawings Account
Credit: Cash Account
(Dr.) Accounts Receivable or Advances $
(Cr.) Cash $
Owners Equity
deduct$ from owners equity
equity will be debt and cash will be credit
thank you
dont have to mention in any accounts..
ownership current account will be debit and cash will be credit
Drawings Dr and Cash Cr by
Debit should be drawing account
credit shoub be cash account
Debit:Drawings A/C $
Credit: Cash A/C $
DR current account (owner) xx
CR cash inbox xx
DEBIT: Drawings a/c
CREDIT: cash a/c