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$1000 withdraw by owner of business for personal use. what will be debited? A. Capital B. Drawing C. Cash D. All above

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Question added by Waqar khan , Audit Associate , PwC
Date Posted: 2015/06/13
Deleted user
by Deleted user

When owner withdraw any thing from business for personal use then Drawing will be debited.

Haidar Alali
by Haidar Alali , GL Accountant , National OilWell Varco NOV

The answer is option B. Drawings will be Debited.

Shahbaz Hayder
by Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Option B is the right answer.

Tranquilino Jr Rivera
by Tranquilino Jr Rivera , General Accountant , Enany Group of Companies

Answer is B. Withdrawal or Drawing Account.

Wasim khan wazir
by Wasim khan wazir , Finance Specialist , Mott Macdonald

Drawing should be debited. Option B is correct one

Naveed Sajjad
by Naveed Sajjad , Accountant , SMSA Express transportation

The option b is the answer. The amount should be recorded as drawing.

lakshminarasimham mallareddi
by lakshminarasimham mallareddi , Manager Finance & Accounts , M/s. Vandana Global Limited, Raipur, Chhattisgarh

Correct Answer is B.Drawing A/c will be debited  as $1000 withdraw by owner of business for personal use.

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