Question

Withdrew for private use accounting equation

Answer 1

Answer :Plzz mark brainliest

Explanation:

In Accounting Equation, reduction in assets accounts and deduction from the owner's equity. So, the inventory is reduced from the assets account by the credit entry as goods are withdrawn whereas the amount of drawings will be deducted as there reduction in equity.

Answer 2

Answer:

In Accounting Equation,reduction in assets accounts and deduction from the owner's equity.

Explanation:

So, the inventory is reduced from the assets account by the credit entry as goods are withdrawn whereas the amount of drawings will be dedcted as there reduction in equity.