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

Accounts - Principles of Accounts

JAMB 1999

A. debits cash account and credits drawings account
B. credits cash account and debits bank account
C. debits bank account and credits drawings account
D. credits cash account and debits drawings account

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Correct Answer: Option D

Explanation

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

Correct Answer: Option D

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