Question

withdrew cash for personal use
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Answer 1

Answer:

In accounting, assets such as Cash or Goods which are withdrawn from a business by the owner(s) for their personal use are termed as drawings. It is also called a withdrawal account. ... In the case of goods withdrawn by owners for personal use, purchases are reduced and ultimately the owner's capital is adjusted...i hope it's help you plz mark as brainlist Ans...

Answer 2

Answer:

Drawing is the amount of cash or goods withdrawn for personal use. The drawing is an expenses and deducted from the capital account. These goods or cash is not used the business use, but it is used for the personal purpose.