Accountancy, asked by Anonymous, 6 months ago

took goods for personal use ​

Answers

Answered by Anonymous
14

Answer:

The goods taken by the proprietor for personal use, reduces the inventory of the business. Hence,it is placed on a temporary drawings account. It reduces the Owner's equity account. It is not an expense of the business.

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Answered by beckydanieldaniel
3

took goods for personal use

Personal A/C. Dr

Cash A/C

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