Challenger App

No.1 PSC Learning App

1M+ Downloads
When proprietor takes goods for personal use the account is debited to ?

ADrawing account

BGoods Purchase account

CPersonal account

DCapital account

Answer:

A. Drawing account


Related Questions:

While encashing travelers cheques, the payee is identified by:
_______ is the examination of documentary evidence and authenticity of transactions entered in the books of accounts.
__________ is one who owes money or something of value to another
Excess of credit over debit in the Income and Expenditure account is
Asset liability management is a part of :