Economy, asked by anuragsrivastava54, 1 month ago

11 ) Drawings : Cash (3500) Goods(1500). journal entry​

Answers

Answered by shaheenarshi427
0

Explanation:

I can't understand your question

Answered by kpopfangirl981
2

Answer:

Just as the owner can invest assets in the business from his personal possessions – so too can he remove assets from the business for personal use.

Remember that the investment of assets in a business by the owner is called capital.

When the owner removes assets from his business, we call this by another name. We call this drawings.

This is because the owner withdraws assets.

Drawings are the exact opposite of capital.

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