Question

goods taken by partner from business for his personal used is called......​

Answer 1

Step-by-step explanation:

In accounting, assets such as Cash or Goodswhich are withdrawn from a business by the owner(s) for their personal use are termed as drawings. It is also called a withdrawal account. It reduces the total capital invested by the proprietor(s).

In the case of goods withdrawn by owners for personal use, purchases are reduced and ultimately the owner’s capital is adjusted. The adjustment is done at cost price.

PLEASE MARK IT AS BRAINLIEST

THANK YOU

Answer 2

Answer:

personal purpose

Step-by-step explanation:

Drawing of stock implies stock or good taken away by the proprietor or partner for personal purpose