Register now or log in to join your professional community.
When owner withdraw any thing from business for personal use then Drawing will be debited.
The answer is option B. Drawings will be Debited.
Option B is the right answer.
Answer is B. Withdrawal or Drawing Account.
Drawing should be debited. Option B is correct one
The option b is the answer. The amount should be recorded as drawing.
Correct Answer is B.Drawing A/c will be debited as $1000 withdraw by owner of business for personal use.