Where a proprietor withdraws cash from the business for his private use, the entries would...

FINANCIAL
POST UTME OAU

Where a proprietor withdraws cash from the business for his private use, the entries would be

  • A) credit cash account, debit proprietor
  • B) credit proprietor
  • C) credit proprietor
  • D) credit cash account, debit drawings account

Correct Answer: D) credit cash account, debit drawings account

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