Accountancy, asked by rashadrahman890, 1 month ago

goods withdrawn by the proprietor for his personal use .write the debit and credit aspect in this transactions​

Answers

Answered by harshit5864
3

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In accounting, assets such as Cash or Goods which are withdrawn from a business by the owner(s) for their personal use are termed as drawings.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

Explanation:

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Answered by AllenGPhilip
0

Answer:

Explanation:

DRAWINGS A/C DR AMT

  TO PURCHASE A/C AMT

( WITHDREW GOODS FR PRSNL

USE)

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