What would be the accounting entry for a partner’s withdrawal of cash in lieu of salary ?
1
Dr salary A/c
To Cash A/c
To Cash A/c
2
Dr Cash A/c
To Partner’s Current A/c
To Partner’s Current A/c
3
Dr Cash A/c
To Salary A/c
To Salary A/c
4
Dr Partner’s Current A/c
To Cash A/c
To Cash A/c