Accountancy, asked by Anonymous, 4 months ago

if a partner take goods for personal use which accounts are debited and credited and why???
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Answers

Answered by sharvanikulkarni
1

Explanation:

If partner take goods for personal use it is called as drawing

Drawing Account Dr

To Goods Account

(being goods withdrawn by partner)

drawing is expenses to business so it is debited as per golden rule of accounts Dr all expenses and losses

and goods goes out of business so it is credited as per Golden rule of Accounts Credit what goes out

Answered by Anonymous
9

Answer:

I am fine

No i don't want any points

Explanation:

just saty Safe

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