double entry!!!!

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:23AM in AAT student discussion
hi all,<BR>i cant seem to work this one out.if a person takes £100 out of his business for himself, wot is the double entry?<BR>i have it as debit drawing a/c credit cash a/c ???? am i anywhere near. appreciate any help<BR>cheers

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    double entry!!!!

    u are correct
  • System
    System Posts: 100,534 🤖 Admin 🤖
    double entry!!!!

    yes that is spot on!!<BR>
  • System
    System Posts: 100,534 🤖 Admin 🤖
    double entry!!!!

    If the £100 was a cheque the contra to Drawings would be the bank.

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