______ 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 Assets in the form of Cash or Goods which are withdrawn from a business by the owner(s) for their personal use are termed as drawings.This Question Belongs to Commerce >> Accounting
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