Accountancy, asked by tejasri49, 4 months ago

goods with drawn from business for personal use ,what is journal entry?​

Answers

Answered by vardhan67
8

Answer:

In accounting, assets such as Cash or Goods which are withdrawn from a business by the owner(s) for their personal use are termed as drawings.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

...

Journal Entry for Drawings of Goods or Cash.

Capital A/C Debit

To Drawings A/C Credit

hope it helps !!!

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