Question

journal entry

proprietor has drawn goods​

Answer 1

drowings a/c ....dr

to proprirtor a/c

Answer 2

Answer:

Goods taken for personal use Journal Entry

The withdrawal of goods by the owner forpersonal use is placed on a temporary drawings account and reduces the owners equity. It is not an expense of the business. Goods are withdrawn from the business and taken by the owner, which reduces the inventory of the business.

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