If Owner Draws $20000 Cash for personal use Than?

Question

1. Assets will decrease and Capital will increase

2. Assets will remain the same but Capital will decrease

3. Assets and Capital both will decrease

4. The statement itself is wrong.

Sayed Rubab Sayed · Answer

my answer is Option-3...............................

Adnan Mustafa · Answer

The correct answer is Option3. Assets and Capital both will decrease

Shahbaz Hayder · Answer

Option3 is the right answer.

Mohammed Asim Nehal · Answer

Option3 ) is the correct answer capital and cash will get reduced.

Sadiq Kareem · Answer

option ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,3

Malik Shoaib Amjid MALIK · Answer

Its3rd option that assets and capital will decresse

Mujeeb Alam FCMA · Answer

3. Assets and Capital both will decrease

Deleted user · Answer

in my openion the righ answer is Assets and Capital both will decrease

ali arshan qureshi abdul rehman · Answer

the correct option is ANSWER3

Gayasuddin Mohammed · Answer

3. Assets and Capital both will decrease is the right option***************

Ahmer Zamir · Answer

Both Assets and Capital will be decreased