Question

Goods worth 250 taken from the shop for personal use

Answer 1

Goods Worth rs 250 taken from the shop for personal use .

Journal Entry :

Drawings A/c Dr 250

To Purchase A/c 250

{ Being Goods taken for Personal use }

Note - It should noted that if the owner of the business taken any assets or goods or cash from business for the personal Use , will Treated as the Drawings .

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