Drawings in accounting are recorded as a double entry in the cash book. This is a credit to the bank account and a debit to the cash account.
Debit cash (or cash float), credit the renter's account.
all vendors are paid on credit
[Debit] Dividend xxxx [credit] cash / bank xxxx
[Debit] Cash account [Credit] Services revenue
In a double entry accounting system, you decrease the cash account with a credit.
[Debit] Theft Cash [Credit] Cash
Drawings in accounting are recorded as a double entry in the cash book. This is a credit to the bank account and a debit to the cash account.
Debit Cash; Credit Loan Payable
Debit cash (or cash float), credit the renter's account.
all vendors are paid on credit
all vendors are paid on credit
all vendors are paid on credit
all vendors are paid on credit
[Debit] Dividend xxxx [credit] cash / bank xxxx
[Debit] Cash account [Credit] Services revenue
Debit Withdraw account and Credit Cash