Withdrawals of cash from bank by the proprietor for office use should be debited to ?

Owner`s Funds

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Drawings

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Bank

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Cash

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Solution

The correct option is D
Cash

Withdrawals of cash from bank by the proprietor for office use should be debited to Cash Account.

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Similar questions

Withdrawals of cash from bank by the proprietor for his personal use should be debited to ?

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Withdrawals of cash from a bank by the proprietor for office use is termed as drawings. Is this statement correct?

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

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