[GNC] Checking account withdrawals for cash boxes

[Roderick A. Anderson]

Good day to all.

I have a question that may require me contacting an accountant but this 
is my first pass.

First I am the Treasurer for a small US 501c3.  Never been an accountant 
nor played one on TV. ;-)

We have an annual fund raiser.  I withdraw cash from the 
checking/General account for the cash boxes. In the past (and what I 
inherited) was to make it an expense entry.  Just doesn't seem right 
since we still have the money.

Should I create another Asset account and record it there?


TIA,
Rod