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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 Goods withdrawn for personal use by the owner of a business reduce inventory and are recorded on a drawings account.

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