Question

An amount withdrawn from bank account for personal expense will be debited to
account.


(a) Bank
(c) Drawings
(b)cash
(d)Person​

Answer 1

Answer:

An account is set up in the balance sheet to record the transactions taken place of money removed from the company by the owners. This is known as the 'drawing account'. In the drawing account, the amount withdrawn by the owner is recorded as a debit.

Answer 2

Drawings.
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