Examveda
Examveda

______ is the withdrawal of cash and goods by the owner of the business for his/her personal use

A. Depreciation

B. Drawings

C. Outflow of cash

D. Appreciation

Answer: Option B

Solution(By Examveda Team)

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 Assets in the form of Cash or Goods which are withdrawn from a business by the owner(s) for their personal use are termed as drawings.

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