Question

7. Vinod has withdrawn Rs.40,000 for his personal out of his capital. The correct entry for
this transaction will be
(a) Drawings A/cr. To CashA/o
(b) Drawings A/c Dr. To CapitalA/C
(c) Capital A/c Dr. To Cash A/c
(d) Capital A/c Dr. To Drawings A/c​

Answer 1

Answer:

Drawing A/C Dr.

To cash A/C