The amount which the owner withdraw from the business for personal use is known as .

capital

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interest

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drawings

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donation

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Solution

The correct option is C drawings
The amount which the owner withdraw from business for personal use is called as drawings. It is shown as deduction from the amount of capital in the balance sheet.

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The amount which the owner withdraw from the business for personal use is known as .

The correct option is C drawingsThe amount which the owner withdraw from business for personal use is called as drawings. It is shown as deduction from the amount of capital in the balance sheet.

The correct option is C drawings
The amount which the owner withdraw from business for personal use is called as drawings. It is shown as deduction from the amount of capital in the balance sheet.