Question

The owner of a business paid his private telephone bill from the business bank account. The amount was debited to his drawings account. Which concept was applied?

Answer 1

Explanation:

a drawing entry is a contract account to the owners equity.

Answer 2

Explanation:

$\huge\mathfrak\hello$

$huge\mathfrak\noanswee$

$huge\mathfrak\play8ballpool$