Question

Goods withdrawn by the proprietor for his personal use. Write the debit and credit

aspects in this transaction.​

Answer 1

Answer:

debit aspect

since it is for personal use so it is termed as drawings

debit the drawings

credit aspect

since goods are reducing

credit the goods

Answer 2

Answer:

Explanation:

DRAWINGS A/C DR AMT

     TO PURCHASE A/C AMT

(GOODS WITHDRAWN BY THE

PROPRIETOR FOT PRSNL USE)

DEBIT THE DRAWINGS

CREDIT THE PURCHASE