Private withdrawal Retail Double entry bookkeeping with variable chart of accounts

Page: https://excel.hpage.com/bookkeeping.html Playlist: https://www.youtube.com/watch?v=JeP58mdijnU&list=PLKnGGx0Hz5xI The retailer transfers 20,000 euros from the business bank account to his personal account. Two accounts are involved: Bank and Private. This booking represents a reduction in inventory. The balance in the Bank account decreases and the balance in the Private account also decrease. The amount recorded in the journal entry is deducted from the final balance.