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A proprietor withdraws cash from the business for private use, he
Question 1
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A proprietor withdraws cash from the business for private use, he
credits cash account and debits bank account
credits cash account and debits drawing A/C
debits cash account and credits drawings account
debits bank account and credits drawings account
Answer Details
Read lesson note on The Final Accounts Of A Sole Trader/proprietorship (WAEC)
Read lesson note on Partnership Accounts (JAMB)
Read lesson note on Nature And Significance Of Accounting (JAMB)
The Final Accounts Of A Sole Trader/proprietorship
Partnership Accounts
Nature And Significance Of Accounting
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