Which of the following accounts will be debited if the business's owner withdraws cash from business for personal use?
A. Drawings
B. Cash
C. Business
D. Stock
Answer: Option A
Solution(By Examveda Team)
Drawings accounts will be debited if the business's owner withdraws cash from business for personal use. Goods withdrawn for personal use by the owner of a business reduce inventory and are recorded on a drawings account.This Question Belongs to Commerce >> Accounting
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