Withdrawals of cash from bank by the proprietor for his personal use should be debited to ?
Owner`s Funds
Drawings
Bank
Cash
Withdrawals of cash from bank by the proprietor for his personal use should be debited to drawings account.
Withdrawals of cash from bank by the proprietor for office use should be debited to ?
Withdrawals of cash from bank by the proprietor for office use should be credited to ?
Withdrawals of cash by a proprietor for personal use shall be debited to ___.
Withdrawals of cash from a bank by the proprietor for office use is termed as drawings. Is this statement correct?