Fatima withdraws goods from the business for personal use. The accounting treatment is to debit...

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Fatima withdraws goods from the business for personal use. The accounting treatment is to debit

  • A) stock account and credit profit and loss account
  • B) drawings account and credit stock account
  • C) Profit and loss account and credit drawings account
  • D) Stock account and credit drawings account

Correct Answer: B) drawings account and credit stock account

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