Transfer from Main Account to Savings and Back
I've transferred from my main account to my savings account as an owners draw but now I transfer back to the main account. How is this deligated? To what account?
Hi,
Thanks for your question. Your initial transfer should have posted as follows:
CREDIT Main Account
DEBIT Savings Account
Therefore, the transfer back would simply reverse the original entry as follows:
DEBIT Main Account
CREDIT Savings Account