by: Admin_LouisPosted on:

When a proprietor withdraws cash from the business for private use, he?

When a proprietor withdraws cash from the business for private use, he?

A debits cash account and credits drawings account

B credits cash account and debits bank account

C debits bank account and credits drawings account

D credits cash account and debits drawings account

Answer is D

Related posts:

  1. What was the amount of cash paid out during the period?
  2. The main features of the single system are that?
  3. What is the amount of club sales?
  4. Which of the following events increases a corporation’s shareholders equity?

Leave a Reply

MEET OVER 2000 NOUN STUDENTS HERE. 

Join us for latest NOUN UPDATES and Free TMA answers posted by students on our Telegram. 

OUR ONLINE TUTORIAL CLASS IS NOW ON!!! JOIN US NOW. 
JOIN NOW!
close-link
%d bloggers like this: