Accountancy, asked by kollurusneha2002, 4 months ago

journal entry for with drew goods worth 500 for private use​

Answers

Answered by kehshanaziz
1

Answer:

Drawings A/c. Dr. 500

To Purchases A/c. 500

Explanation:

Goods taken for personal use go to Drawings (Debit what comes in) account, and since these are taken from the business, the Purchases (credit what goes out) account is being credited.

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