Suppose A withdraw Rs 10,000 from business for personal use from the bank. Which account shall be credited in this case?

Cash account

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Drawings account

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A`s capital account

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Bank account

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Solution

The correct option is D
Bank account

The correct adjusting entry is:

Drawings a/c Dr

To Bank a/c

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Suppose A withdraw Rs 10,000 from business for personal use from the bank. Which account shall be credited in this case?

The correct option is D Bank account The correct adjusting entry is: Drawings a/c Dr To Bank a/c

The correct option is D
Bank account

The correct adjusting entry is:

Drawings a/c Dr

To Bank a/c