Question

Capital withdrawn from the entity for personal use
व्यक्तिगत उपयोग के लिए इकाई से पूंजी वापस ली गई
Select one:
O A. Increases the assets of the entity
इकाई की संपत्ति बढ़ाता है
B. Decreases the equity of the entity
इकाई की इक्विटी को घटाता है
C. Increases the equity of the entity
इकाई की इक्विटी बढ़ाता है
O D. Decreases the liabilities of the entity
इकाई की देनदारियों को घटाता है​

Answer 1

Answer:

A

Explanation:

Business entity concept of accounting says that business and the owner are treated two separate entity.

Hence anything contributed by owner considered liability for the business. On the same line, if anything (goods/cash) withdrawn by the proprietor for personal use is called as drawings.