When proprietor takes goods for personal use the account is debited to ?
ADrawing account
BGoods Purchase account
CPersonal account
DCapital account
No.1 PSC Learning App
★
★
★
★
★
Related Questions:
If the rate of gross profit is 20% on cost of goods sold and the sales is Rs. 1,00,000, the amount of gross profit will be
Income tax paid on behalf of the proprietor:
The excess of assets over liabilities are called __________
............. is a capital profit.
Method of depreciation is suitable for loose tools :