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If jjones withdraws 50000 from her personal account and deposits cash into a business account how to know 2hich accts to put in ledger
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If jjones withdraws 50000 from her personal account and deposits cash into a business account how to know 2hich accts to put in ledger

User Ivan Smirnov
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1 Answer

5 votes

Answer:

The actions to write in the ledger are two.

Step-by-step explanation:

When Jones withdraws from his personal account he is making a debit action, which indicates that this asset is decreasing and when that money is deposited to a commercial account he is making a credit action, which indicates that this asset is growing.

User JamesThomasMoon
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