Partnership Comp Prob Draws -130 How to Record Journal Entry For Withdraws

Partnership journal entry for draws will record the journal entry related to withdraws. We will enter the journal entry into the general journal, post it to the general ledger, and create the trial balance from the general ledger. The accounting transaction will debit draws and credit cash.
For more accounting information see accounting website.

 

Leave a Reply

Your email address will not be published. Required fields are marked *