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A business owner withdraws ₹ 25,000 for personal use. Which accounts are impacted? - Commercial Applications

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प्रश्न

A business owner withdraws ₹ 25,000 for personal use. Which accounts are impacted?

लघु उत्तर
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उत्तर

When the owner takes out ₹ 25,000 for personal use:

  • Drawings Account is Debited: This personal account is debited to show the withdrawal made by the owner.
  • Cash Account is Credited: This real account is credited since the business’s cash balance is reduced.
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पाठ 11: Nature and Terminology of Accounting - QUESTION BANK [पृष्ठ १३६]

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सी. बी. गुप्ता Commercial Applications [English] Class 9 ICSE
पाठ 11 Nature and Terminology of Accounting
QUESTION BANK | Q 8. | पृष्ठ १३६
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