When a proprietor withdraws cash from the business for pr...
When a proprietor withdraws cash from the business for private use, he
Debits cash account and credits drawings account
Credits cash account and debits bank account
Debits bank account and credits drawings account
Credits cash account and debits drawings account
Correct answer is D
No explanation has been provided for this answer.
Carriage outwards is the amount spent on transporting ...
Period 1 N Cash to petty cashier 1000 Petty cas...
Which of the following is not a book of prime entry? ...
The depreciation on plant acquired by a manufacturing company is treated as ...
PQ Manufacturing Company Raw materials (1/11/2001)...........N3,500 Raw materials (31/12/2001).....
Payment for future services are ...
Which of the following is a credit item on an income and expenditure account? ...