More over.... jab bhi ....mpersonal or family.... use ki bhaat ...hoti hai tab ....drawing enteries.... daali jaati hain...

• Date: The date on which the withdrawal was made


• Account: The account from which the withdrawal was made (e.g. Savings Account, Checking Account)


• Debit: The amount of money withdrawn by Sahil


• Credit: None as it is a personal withdrawal


• Description: A brief description of the purpose of the withdrawal

When Sahil withdrew money from his personal account for his own use, a journal entry was made to record the transaction. The journal entry would include the date of the transaction, the account from which the withdrawal was made, the amount of money that Sahil withdrew, and a brief description of the purpose of the withdrawal.

It is important to record this transaction in the journal because it helps to keep track of the money that is being withdrawn from the account. This information is critical for budgeting and financial planning purposes. Additionally, recording this transaction in the journal ensures that the account balance is accurate and up-to-date.

In this case, since the withdrawal was for personal use, there is no credit entry required in the journal. The debit entry represents the decrease in the account balance due to the withdrawal.

Overall, recording journal entries for all financial transactions is crucial for maintaining accurate financial records and ensuring that the account balance is correct.