Poonawalla fincorps
Poonawalla fincorps

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Querist : Anonymous (Querist)
08 January 2013 Drawing is Debit but credit is cash or capital. Give me brief example
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Murtaza I Bhagat

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Murtaza I Bhagat (Expert)
08 January 2013 drawing is debit within capital a/c

drawing (Capital) Dr
To Cash & Bank
Whichever mode of withdrawl

it will reduce capital so drawing is under capital a/c.so that credit will reduce your cash and bank.

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