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is the withdrawal of cash and goods by the owner of...

This question belongs to Commerce Accounting
Accounting
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______ is the withdrawal of cash and goods by the owner of the business for his/her personal use

Answer & Solution
Correct Answer: Option B
Drawings is the withdrawal of cash and goods by the owner of the business for his/her personal use. Assets in the form of Cash or Goods which are withdrawn from a business by the owner(s) for their personal use are termed as drawings.
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