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Write one word/term or phrase which can substitute the following statement. Name of the account which is debited when proprietor uses business money for personal use. - Book Keeping and Accountancy

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Question

Write one word/term or phrase which can substitute the following statement.

Name of the account which is debited when proprietor uses business money for personal use.

One Word/Term Answer

Solution

Name of the account which is debited when proprietor uses business money for personal use.  - Drawings A/C

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Classification of Accounts
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Chapter 2: Meaning and Fundamentals of Double Entry Book-Keeping - EXERCISE [Page 39]

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Balbharati Book Keeping and Accountancy [English] 11 Standard Maharashtra State Board
Chapter 2 Meaning and Fundamentals of Double Entry Book-Keeping
EXERCISE | Q 2. 3) | Page 39

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