If the owner of a business takes goods for personal use, he should
FINANCIAL
POST UTME OAU
If the owner of a business takes goods for personal use, he should
- A) Debit drawings account and Credit Purchases Account
- B) Debit Drawings account and credit stock account
- C) Debit purchases account and credit drawings account
- D) Debit sales account and credit drawings account
Correct Answer: B) Debit Drawings account and credit stock account
Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *