When a proprietor withdraws cash from the business for private use, he?

Accounts - Principles of Accounts JAMB 1999

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 checkmark

The correct answer is: D

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