hen a proprietor withdraws cash from the business for private use, he?
FINANCIAL
JAMB 1999
hen a proprietor withdraws cash from the business for private use, he?
- A. debits cash account and credits drawings account
- B. credits cash account and debits bank account
- C. debits bank account and credits drawings account
- D. credits cash account and debits drawings account
Correct Answer: D. credits cash account and debits drawings account
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