All 26 Cash Book & Petty Cash questions
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What internal controls apply to cash and petty cash handling? What entries arise from bank charges, interest, and standing orders in the cash book? Why might the petty cash book not balance and how do you investigate? How is the receipt of capital or a loan recorded in the cash book? What is the treatment of cash discounts versus the cash received in the cash book? How is petty cash treated at the period end for the financial statements? How do you record dishonoured (bounced) cheques in the cash book? How is the analysis (columnar) cash book useful and how is it posted? How do you post the totals of an analysed petty cash book with VAT? How do you record wages paid net, with deductions, through the cash book?
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Bookkeeping › Cash Book & Petty Cash

How are drawings recorded in the cash book?

Intermediate

Answer

Drawings are cash or goods taken by the owner for personal use. Cash drawings are a payment: credit the cash/bank column and debit the drawings account (which reduces capital at year-end). Drawings are not an expense of the business.
Owner takes 200 cash: Dr Drawings 200; Cr Cash 200.
Real-world example The owner withdrawing money for personal use is debited to drawings, not to any expense.

Common follow-ups: Are drawings an expense? | How do drawings affect capital?

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All 26 Cash Book & Petty Cash questions