Question

Cash withdraw for domestic purpose

Answer 1

Answer:

cash acc Dr to drawing account

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Answer 2

Answer:

Short Explanation. 》When , the proprietor withdraws goods , cash or furniture from the business for his own use, i.e., For household or Domestic use. ... Drawings Account will be debited and Purchases Account will be credited because as a result of the transaction the net amount of purchases of the business is reduced.