Debit & Credit for Drawings

Q.

Withdrawals of cash by a proprietor for personal use shall be debited to ___.

1. Capital Account

2. Cash Account

3. None of these

4. Drawings Account

Q.

The owner of the business takes Rs 100 cash for his family. The proper journal entry for this transaction is:

1. Drawings A/c Dr
   To Cash A/c

2. Owner A/c Dr
   To Cash A/c

3. Cash A/c Dr
   To Drawings A/c

4. None of these